Short Interest in Bogota Financial Corp. (NASDAQ:BSBK) Drops By 48.1%

Posted by Donna Armstrong on Jan 15th, 2025

Bogota Financial Corp. (NASDAQ:BSBK – Get Free Report) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 8,400 shares, a decrease of 48.1% from the December 15th total of 16,200 shares. Based on an average trading volume of 6,700 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Geode Capital Management LLC increased its holdings in Bogota Financial Corp. (NASDAQ:BSBK – Free Report) by 17.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,904 shares of the company’s stock after buying an additional 7,385 shares during the period. Geode Capital Management LLC owned 0.37% of Bogota Financial worth $406,000 as of its most recent SEC filing. Institutional investors own 11.63% of the company’s stock.

Bogota Financial Stock Performance

BSBK traded down $0.03 during trading hours on Wednesday, hitting $7.87. The stock had a trading volume of 3,826 shares, compared to its average volume of 4,781. The stock has a market cap of $102.90 million, a PE ratio of -49.19 and a beta of 0.54. Bogota Financial has a 1 year low of $6.40 and a 1 year high of $8.66. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The company’s fifty day simple moving average is $7.92 and its 200 day simple moving average is $7.69.

About Bogota Financial

(Get Free Report)

Bogota Financial Corp. operates as the bank holding company for Bogota Savings Bank that provides banking products and services in the United States. It offers deposit accounts, including demand accounts, savings accounts, money market accounts, and certificate of deposit accounts. The company also provides one-to four-family residential real estate loans, and commercial real estate and multi-family loans; consumer loans, such as home equity loans and lines of credit; commercial and industrial loans; and construction loans; and buys, sells, and holds investment securities.