Short Interest in Broadway Financial Corporation (NASDAQ:BYFC) Rises By 364.3%

Broadway Financial Corporation (NASDAQ:BYFC) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 23,513 shares, a growth of 364.3% from the December 31st total of 5,064 shares. Based on an average daily volume of 6,912 shares, the short-interest ratio is currently 3.4 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 6,912 shares, the short-interest ratio is currently 3.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its position in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 3.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,835 shares of the savings and loans company’s stock after buying an additional 1,953 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 0.61% of Broadway Financial worth $405,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 12.12% of the company’s stock.

Wall Street Analyst Weigh In

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

Broadway Financial Stock Up 0.4%

Shares of NASDAQ:BYFC opened at $8.43 on Wednesday. The stock has a market capitalization of $77.34 million, a P/E ratio of -64.81 and a beta of 0.69. The stock’s 50-day moving average price is $6.92 and its 200-day moving average price is $7.20. The company has a current ratio of 1.16, a quick ratio of 0.04 and a debt-to-equity ratio of 0.67. Broadway Financial has a 12-month low of $5.51 and a 12-month high of $8.85.

Broadway Financial Company Profile

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.