Bogota Financial Corp. (NASDAQ:BSBK) Short Interest Down 48.1% in January

Bogota Financial Corp. (NASDAQ:BSBK - Get Free Report) saw a large decline in short interest in January. As of January 15th, there was short interest totalling 8,400 shares, a decline of 48.1% from the December 31st total of 16,200 shares. Based on an average trading volume of 6,700 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.2% of the company's shares are sold short.

Bogota Financial Trading Down 0.1 %

NASDAQ:BSBK traded down $0.01 on Wednesday, reaching $7.85. 2,438 shares of the company's stock were exchanged, compared to its average volume of 5,074. The firm has a market capitalization of $102.65 million, a price-to-earnings ratio of -49.09 and a beta of 0.54. Bogota Financial has a 52-week low of $6.40 and a 52-week high of $8.66. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The business has a fifty day moving average of $7.89 and a 200-day moving average of $7.76.

Institutional Investors Weigh In On Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Geode Capital Management LLC raised its stake in Bogota Financial Corp. (NASDAQ:BSBK - Free Report) by 17.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,904 shares of the company's stock after purchasing an additional 7,385 shares during the period. Geode Capital Management LLC owned about 0.37% of Bogota Financial worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.

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