BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Update

BayFirst Financial Corp. (NASDAQ:BAFN) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 12,541 shares, an increase of 171.3% from the December 31st total of 4,623 shares. Based on an average trading volume of 11,338 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 11,338 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BayFirst Financial in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BayFirst Financial stock. Banc Funds Co. LLC raised its position in BayFirst Financial Corp. (NASDAQ:BAFN) by 35.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 169,772 shares of the company’s stock after buying an additional 44,500 shares during the quarter. Banc Funds Co. LLC owned approximately 4.13% of BayFirst Financial worth $1,776,000 as of its most recent filing with the Securities and Exchange Commission. 16.88% of the stock is currently owned by hedge funds and other institutional investors.

BayFirst Financial Trading Up 0.9%

Shares of NASDAQ BAFN opened at $6.80 on Thursday. The stock has a market capitalization of $27.95 million, a PE ratio of -2.19 and a beta of 0.39. BayFirst Financial has a twelve month low of $5.72 and a twelve month high of $19.75. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $7.49 and a 200-day simple moving average of $9.18.

BayFirst Financial (NASDAQ:BAFN) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($4.66) earnings per share for the quarter. The company had revenue of $10.23 million for the quarter. BayFirst Financial had a negative return on equity of 12.02% and a negative net margin of 8.08%.

BayFirst Financial Company Profile

BayFirst Financial Corp (NASDAQ: BAFN) is the bank holding company for BayFirst National Bank, which operates as a Florida-chartered community bank. The company provides a range of commercial banking services, catering to both business and individual customers in the Tampa Bay region. BayFirst Financial emphasizes relationship-driven banking, offering personalized solutions tailored to the needs of local clients.

The company’s product suite includes deposit accounts such as checking, savings, money market accounts and certificates of deposit.