Short Interest in BayFirst Financial Corp. (NASDAQ:BAFN) Drops By 16.3%

Posted by Stephan Jacobs on Jan 30th, 2025

BayFirst Financial Corp. (NASDAQ:BAFN – Get Free Report) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 7,200 shares, a drop of 16.3% from the December 31st total of 8,600 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 6,000 shares, the short-interest ratio is presently 1.2 days.

BayFirst Financial Stock Performance

Shares of NASDAQ:BAFN traded down $0.02 during midday trading on Thursday, reaching $15.30. 2,349 shares of the company’s stock traded hands, compared to its average volume of 5,734. BayFirst Financial has a one year low of $10.40 and a one year high of $17.50. The stock has a 50 day moving average of $13.58 and a 200 day moving average of $13.38. The company has a market cap of $63.19 million, a price-to-earnings ratio of 20.96 and a beta of 0.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.98.

BayFirst Financial (NASDAQ:BAFN – Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.11 EPS for the quarter. BayFirst Financial had a net margin of 3.38% and a return on equity of 5.34%.

Institutional Investors Weigh In On BayFirst Financial

An institutional investor recently raised its position in BayFirst Financial stock. Geode Capital Management LLC increased its holdings in BayFirst Financial Corp. (NASDAQ:BAFN – Free Report) by 7.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,101 shares of the company’s stock after acquiring an additional 2,490 shares during the quarter. Geode Capital Management LLC owned approximately 0.87% of BayFirst Financial worth $475,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 16.88% of the company’s stock.

About BayFirst Financial

(Get Free Report)

BayFirst Financial Corp. operates as the bank holding company for BayFirst National Bank that provides community banking services for businesses and individuals. The company offers checking, savings, NOW, and money market deposit accounts, as well as certificates of deposit and individual retirement account; and safety deposit boxes.