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

Bogota Financial Corp. (NASDAQ:BSBK) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 23,500 shares, an increase of 53.6% from the March 15th total of 15,300 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is presently 4.5 days.

Bogota Financial Price Performance

Bogota Financial stock opened at $6.91 on Friday. 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 company has a 50-day moving average price of $7.59 and a 200 day moving average price of $7.84. Bogota Financial has a 12-month low of $6.40 and a 12-month high of $8.66. The stock has a market cap of $90.17 million, a P/E ratio of -49.32 and a beta of 0.24.

Bogota Financial (NASDAQ:BSBK) last announced its quarterly 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 for the quarter. Bogota Financial had a negative return on equity of 1.43% and a negative net margin of 4.53%.

Hedge Funds Weigh In On Bogota Financial

Several large investors have recently modified their holdings of the business. Northern Trust Corp increased its position in shares of Bogota Financial by 63.3% during 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 during the last quarter. M3F Inc. increased 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 acquiring an additional 1,619 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Bogota Financial by 17.8% in the 3rd quarter. Geode Capital Management LLC now owns 48,904 shares of the company’s stock valued at $406,000 after acquiring an additional 7,385 shares during the period. Institutional investors and hedge funds 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.