Short Interest in Broadway Financial Co. (NASDAQ:BYFC) Expands By 14.6%

Broadway Financial Co. (NASDAQ:BYFC - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 5,500 shares, an increase of 14.6% from the December 31st total of 4,800 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 7,800 shares, the days-to-cover ratio is presently 0.7 days.

Broadway Financial Stock Performance

Shares of Broadway Financial stock traded down $0.01 during trading hours on Wednesday, reaching $7.79. 3,808 shares of the stock traded hands, compared to its average volume of 6,908. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $70.97 million, a price-to-earnings ratio of 194.80 and a beta of 0.73. The company has a 50 day moving average price of $7.39 and a 200 day moving average price of $6.78. Broadway Financial has a one year low of $4.41 and a one year high of $9.46.

Broadway Financial (NASDAQ:BYFC - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The savings and loans company reported $0.06 EPS for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Broadway Financial in a report on Monday. They set a "sell" rating for the company.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its position in shares of Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,117 shares of the savings and loans company's stock after buying an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities & Exchange Commission. 12.12% of the stock is owned by institutional investors and hedge funds.

Broadway Financial Company Profile

Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, interest checking accounts, money market accounts, and fixed-term certificates of deposit.