Bogota Financial Corp. (NASDAQ:BSBK - Get Free Report) was the target of a significant 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 currently 2.6 days. Currently, 0.4% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of BSBK. Geode Capital Management LLC boosted its position in Bogota Financial by 17.8% during the 3rd 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. M3F Inc. lifted its position in shares of Bogota Financial by 0.3% in the fourth quarter. M3F Inc. now owns 496,605 shares of the company's stock worth $3,725,000 after purchasing an additional 1,619 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Bogota Financial by 63.3% during the fourth 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 period. Hedge funds and other institutional investors own 11.63% of the company's stock.
Bogota Financial Price Performance
Bogota Financial stock traded down $0.07 during mid-day trading on Wednesday, hitting $7.61. The company's stock had a trading volume of 1,228 shares, compared to its average volume of 6,967. Bogota Financial has a twelve month low of $6.40 and a twelve month high of $8.66. The stock's fifty day moving average price is $7.83 and its two-hundred day moving average price is $7.94. The stock has a market capitalization of $99.50 million, a P/E ratio of -54.35 and a beta of 0.49. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.
Bogota Financial (NASDAQ:BSBK - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported ($0.07) EPS for the quarter. Bogota Financial had a negative net margin of 4.53% and a negative return on equity of 1.43%. The company had revenue of $2.92 million for the quarter.
About Bogota Financial
(
Get Free Report)
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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