BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Up 95.0% in January

BayFirst Financial Corp. (NASDAQ:BAFNGet Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 7,800 shares, a growth of 95.0% from the December 31st total of 4,000 shares. Based on an average daily trading volume, of 6,700 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the company’s stock are sold short.

BayFirst Financial Stock Performance

NASDAQ:BAFN traded up $0.09 on Friday, hitting $11.35. The company’s stock had a trading volume of 129,009 shares, compared to its average volume of 21,836. The company has a current ratio of 0.96, a quick ratio of 0.88 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average of $11.86 and a two-hundred day moving average of $12.09. The firm has a market capitalization of $46.65 million, a P/E ratio of 10.24 and a beta of 0.47. BayFirst Financial has a one year low of $8.88 and a one year high of $19.55.

BayFirst Financial (NASDAQ:BAFNGet Free Report) last issued its earnings results on Thursday, January 25th. The company reported $0.32 earnings per share for the quarter. The firm had revenue of $23.57 million for the quarter. BayFirst Financial had a return on equity of 7.75% and a net margin of 5.08%.

Institutional Trading of BayFirst Financial

Several hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG boosted its stake in shares of BayFirst Financial by 200.0% in the 4th quarter. UBS Group AG now owns 1,644 shares of the company’s stock valued at $27,000 after purchasing an additional 1,096 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of BayFirst Financial by 1.4% in the third quarter. BlackRock Inc. now owns 47,120 shares of the company’s stock worth $780,000 after buying an additional 658 shares during the last quarter. First Manhattan Co. raised its stake in BayFirst Financial by 1,275.9% during the 1st quarter. First Manhattan Co. now owns 133,287 shares of the company’s stock worth $3,072,000 after acquiring an additional 123,600 shares during the period. Finally, Vanguard Group Inc. bought a new stake in shares of BayFirst Financial during the first quarter valued at approximately $3,428,000. Institutional investors own 16.80% 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.

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