Bogota Financial Corp. (NASDAQ:BSBK) Sees Large Decline in Short Interest

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

Bogota Financial Stock Up 0.6 %

Shares of BSBK traded up $0.05 during mid-day trading on Tuesday, reaching $7.90. The company's stock had a trading volume of 4,426 shares, compared to its average volume of 4,903. The company has a market cap of $103.29 million, a price-to-earnings ratio of -49.38 and a beta of 0.54. The business has a fifty day moving average of $7.93 and a 200 day moving average of $7.68. 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 has a 1 year low of $6.40 and a 1 year high of $8.66.

Institutional Investors Weigh In On Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Geode Capital Management LLC lifted its stake in Bogota Financial Corp. (NASDAQ:BSBK - Free Report) by 17.8% in the third quarter, according to its most recent disclosure 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 quarter. Geode Capital Management LLC owned 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.