Blue Foundry Bancorp (NASDAQ:BLFY) Sees Large Increase in Short Interest

Blue Foundry Bancorp (NASDAQ:BLFY) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 72,200 shares, a growth of 33.2% from the August 15th total of 54,200 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 455,700 shares, the days-to-cover ratio is presently 0.2 days.

Shares of Blue Foundry Bancorp stock opened at $13.48 on Wednesday. The business has a 50 day moving average of $13.44. Blue Foundry Bancorp has a one year low of $12.32 and a one year high of $14.59.

In other Blue Foundry Bancorp news, CEO James D. Nesci bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 20th. The shares were bought at an average price of $13.48 per share, with a total value of $134,800.00. Following the purchase, the chief executive officer now owns 206 shares of the company’s stock, valued at $2,776.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brent Michael Ciurlino acquired 2,000 shares of Blue Foundry Bancorp stock in a transaction on Tuesday, September 7th. The stock was purchased at an average cost of $13.99 per share, for a total transaction of $27,980.00. Following the purchase, the executive vice president now owns 2,000 shares in the company, valued at $27,980. The disclosure for this purchase can be found here. Insiders bought 61,075 shares of company stock worth $847,095 in the last ninety days.

Blue Foundry Bancorp Company Profile

Blue Foundry Bancorp operates as the holding company for Blue Foundry Bank which provides banking products and services. It offers checking, savings, and individual retirement accounts as well as certificates of deposit accounts. Cullman Bancorp Inc is based in RUTHERFORD, N.J.

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