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

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

Bogota Financial Trading Up 0.1 %

NASDAQ:BSBK opened at $7.69 on Friday. Bogota Financial has a 12 month low of $6.40 and a 12 month high of $8.66. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The firm’s 50 day moving average is $7.83 and its 200 day moving average is $7.92. The stock has a market capitalization of $100.55 million, a PE ratio of -54.92 and a beta of 0.49.

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

Hedge Funds Weigh In On Bogota Financial

Large investors have recently modified their holdings of the business. Northern Trust Corp boosted its holdings in Bogota Financial by 63.3% in the 4th 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. M3F Inc. raised its holdings in Bogota Financial by 0.3% during the 4th quarter. M3F Inc. now owns 496,605 shares of the company’s stock valued at $3,725,000 after acquiring an additional 1,619 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Bogota Financial by 17.8% in the third quarter. Geode Capital Management LLC now owns 48,904 shares of the company’s stock worth $406,000 after acquiring an additional 7,385 shares during the period. Hedge funds and other institutional investors own 11.63% of the company’s stock.

About Bogota Financial

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.