Bogota Financial Corp. (NASDAQ:BSBK) Sees Significant Growth in Short Interest

Bogota Financial Corp. (NASDAQ:BSBK) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 19,600 shares, a growth of 108.5% from the March 31st total of 9,400 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 5,800 shares, the short-interest ratio is currently 3.4 days.

Bogota Financial Price Performance

Bogota Financial stock traded up $0.14 during midday trading on Friday, reaching $6.90. The company had a trading volume of 2,252 shares, compared to its average volume of 5,898. The company has a market capitalization of $91.43 million, a P/E ratio of 115.02 and a beta of 0.52. Bogota Financial has a 12-month low of $6.46 and a 12-month high of $9.02. The firm’s fifty day simple moving average is $7.20 and its 200-day simple moving average is $7.45. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.12 and a quick ratio of 1.12.

Bogota Financial (NASDAQ:BSBK) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $3.22 million during the quarter. Bogota Financial had a net margin of 1.67% and a return on equity of 0.47%.

Analyst Ratings Changes

Separately, TheStreet cut Bogota Financial from a “c” rating to a “d+” rating in a research report on Tuesday, February 6th.

Bogota Financial Company Profile

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.