Short Interest in FAT Brands Inc. (NASDAQ:FATBP) Increases By 164.7%

FAT Brands Inc. (NASDAQ:FATBP) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 4,500 shares, a growth of 164.7% from the March 31st total of 1,700 shares. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is currently 0.5 days.

FAT Brands Stock Performance

Shares of FATBP stock opened at $14.93 on Friday. The company’s 50 day moving average price is $15.57 and its two-hundred day moving average price is $15.21. FAT Brands has a 52 week low of $13.96 and a 52 week high of $17.12.

FAT Brands Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 10th will be issued a $0.1719 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 13.81%.

FAT Brands Company Profile

FAT Brands Inc, a multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. It owns restaurant brands, including Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Pretzelmaker, Fazoli's, Fatburger, Johnny Rockets, Elevation Burger, Yalla Mediterranean, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Ponderosa Steakhouse/Bonanza Steakhouse, Native Grill & Wings, Smokey Bones, and Twin Peaks.