Short Interest in Broadway Financial Corporation (NASDAQ:BYFC) Decreases By 14.5%

Broadway Financial Corporation (NASDAQ:BYFC) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 12,614 shares, a decline of 14.5% from the February 12th total of 14,757 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 2,694 shares, the days-to-cover ratio is currently 4.7 days. Based on an average daily volume of 2,694 shares, the days-to-cover ratio is currently 4.7 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. raised its stake in Broadway Financial Corporation (NASDAQ:BYFC) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,835 shares of the savings and loans company’s stock after acquiring an additional 1,953 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.61% of Broadway Financial worth $405,000 at the end of the most recent quarter. 12.12% of the stock is owned by hedge funds and other institutional investors.

Broadway Financial Stock Performance

Shares of NASDAQ BYFC opened at $7.85 on Monday. Broadway Financial has a 12 month low of $5.51 and a 12 month high of $8.85. The company has a market capitalization of $72.02 million, a P/E ratio of -2.65 and a beta of 0.73. The stock has a 50 day moving average of $8.12 and a 200-day moving average of $7.25. The company has a current ratio of 1.11, a quick ratio of 0.03 and a debt-to-equity ratio of 1.23.

Wall Street Analysts Forecast Growth

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

About Broadway Financial

Broadway Financial Corporation is a bank holding company based in Los Angeles, California. Through its wholly owned subsidiary, Broadway Federal Bank, the company provides retail and commercial banking products and services. Its offerings include deposit accounts such as checking, savings and certificates of deposit, along with consumer loans, mortgage financing and small-business lending.

Founded in 1946, Broadway Financial has established a presence throughout the Southern California region, focusing on personalized service for individuals, families and small- to mid-sized enterprises.