Short Interest in FAT Brands Inc. (NASDAQ:FATBP) Grows By 4,975.0%

FAT Brands Inc. (NASDAQ:FATBP) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 20,300 shares, a growth of 4,975.0% from the July 15th total of 400 shares. Based on an average daily volume of 22,200 shares, the days-to-cover ratio is currently 0.9 days.

FAT Brands Price Performance

Shares of FATBP opened at $11.44 on Wednesday. The company’s 50-day moving average is $13.43 and its 200-day moving average is $14.56. FAT Brands has a fifty-two week low of $9.67 and a fifty-two week high of $16.91.

FAT Brands Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 20th. Investors of record on Friday, August 9th will be given a dividend of $0.1719 per share. This represents a $2.06 dividend on an annualized basis and a yield of 18.03%. The ex-dividend date of this dividend is Friday, August 9th.

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.