FAT Brands Inc. (NASDAQ:FATBP) Sees Large Decrease in Short Interest

FAT Brands Inc. (NASDAQ:FATBP) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,100 shares, a decrease of 83.1% from the October 15th total of 18,300 shares. Based on an average daily volume of 23,600 shares, the short-interest ratio is presently 0.1 days.

FAT Brands Stock Up 0.1 %

FAT Brands stock traded up $0.01 during mid-day trading on Wednesday, hitting $9.38. The company’s stock had a trading volume of 11,848 shares, compared to its average volume of 17,133. The firm’s 50 day moving average is $9.76 and its 200 day moving average is $12.06. FAT Brands has a 52-week low of $9.26 and a 52-week high of $16.37.

FAT Brands Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 8th will be paid a $0.1719 dividend. This represents a $2.06 annualized dividend and a dividend yield of 21.99%. The ex-dividend date of this dividend is Friday, November 8th.

About FAT Brands

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.