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

Bogota Financial Corp. (NASDAQ:BSBK) was the recipient of a significant growth in short interest in 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 company’s stock are short sold. Based on an average trading volume of 5,900 shares, the days-to-cover ratio is currently 2.6 days.

Hedge Funds Weigh In On Bogota Financial

Several hedge funds and other institutional investors 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 4th quarter. Northern Trust Corp now owns 25,708 shares of the company’s stock worth $193,000 after purchasing an additional 9,963 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Bogota Financial by 17.8% during the third quarter. Geode Capital Management LLC now owns 48,904 shares of the company’s stock valued at $406,000 after buying an additional 7,385 shares during the last quarter. Finally, M3F Inc. boosted its position in shares of Bogota Financial by 0.3% during the fourth quarter. M3F Inc. now owns 496,605 shares of the company’s stock valued at $3,725,000 after buying an additional 1,619 shares during the last quarter. 11.63% of the stock is owned by institutional investors.

Bogota Financial Stock Up 0.1 %

Shares of BSBK traded up $0.01 during trading hours on Friday, hitting $7.69. The company had a trading volume of 2,829 shares, compared to its average volume of 6,998. The stock has a market capitalization of $100.55 million, a price-to-earnings ratio of -54.92 and a beta of 0.49. The firm has a fifty day moving average price of $7.83 and a 200-day moving average price of $7.92. Bogota Financial has a 52-week low of $6.40 and a 52-week high of $8.66. 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 (NASDAQ:BSBK) last issued its earnings results on Friday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. Bogota Financial had a negative return on equity of 1.43% and a negative net margin of 4.53%. The firm had revenue of $2.92 million during the quarter.

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.