Short Interest in Broadway Financial Co. (NASDAQ:BYFC) Decreases By 54.4%

Broadway Financial Co. (NASDAQ:BYFC - Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 6,800 shares, a drop of 54.4% from the August 31st total of 14,900 shares. Based on an average daily trading volume, of 12,100 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company's shares are sold short.

Broadway Financial Trading Down 2.0 %

Shares of NASDAQ:BYFC traded down $0.12 on Thursday, hitting $6.12. The company had a trading volume of 8,176 shares, compared to its average volume of 8,404. The firm's 50-day simple moving average is $6.16 and its two-hundred day simple moving average is $5.52. The firm has a market capitalization of $55.88 million, a price-to-earnings ratio of 20.40 and a beta of 0.73. The company has a quick ratio of 0.13, a current ratio of 1.34 and a debt-to-equity ratio of 2.33. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $8.24.

Broadway Financial (NASDAQ:BYFC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share for the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.66%. The business had revenue of $8.19 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Broadway Financial in a research note on Friday, September 20th. They issued a "sell" rating for the company.

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. grew its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC - Free Report) by 46.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 36,128 shares of the savings and loans company's stock after purchasing an additional 11,409 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.39% of Broadway Financial worth $199,000 as of its most recent SEC filing. Institutional investors own 12.12% of the company's stock.

About Broadway Financial

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.