Bogota Financial Corp. (NASDAQ:BSBK) Sees Significant Increase in Short Interest

Bogota Financial Corp. (NASDAQ:BSBK) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 15,300 shares, a growth of 64.5% from the February 28th total of 9,300 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 5,900 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Trading of Bogota Financial

Several hedge funds have recently added to or reduced their stakes in BSBK. Northern Trust Corp increased its holdings in shares of Bogota Financial by 63.3% in the fourth quarter. Northern Trust Corp now owns 25,708 shares of the company’s stock worth $193,000 after buying an additional 9,963 shares during the period. Geode Capital Management LLC increased its stake in Bogota Financial by 17.8% in the 3rd quarter. Geode Capital Management LLC now owns 48,904 shares of the company’s stock worth $406,000 after purchasing an additional 7,385 shares during the period. Finally, M3F Inc. lifted its position in Bogota Financial by 0.3% in the fourth quarter. M3F Inc. now owns 496,605 shares of the company’s stock valued at $3,725,000 after purchasing an additional 1,619 shares during the last quarter. 11.63% of the stock is owned by institutional investors.

Bogota Financial Price Performance

NASDAQ:BSBK traded down $0.08 during mid-day trading on Monday, reaching $7.61. The stock had a trading volume of 2,829 shares, compared to its average volume of 6,971. The stock has a market capitalization of $99.44 million, a P/E ratio of -54.28 and a beta of 0.49. The firm has a 50 day moving average price of $7.83 and a two-hundred day moving average price of $7.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. Bogota Financial has a one year low of $6.40 and a one year high of $8.66.

Bogota Financial (NASDAQ:BSBK) last posted its quarterly earnings results on Friday, February 14th. The company reported ($0.07) EPS for the quarter. Bogota Financial had a negative return on equity of 1.43% and a negative net margin of 4.53%. The business had revenue of $2.92 million for the quarter.

Bogota Financial Company Profile

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.