Bogota Financial Corp. (NASDAQ:BSBK) Short Interest Up 108.5% in April

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. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 3.4 days.

Wall Street Analyst Weigh In

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

Bogota Financial Price Performance

Shares of NASDAQ:BSBK traded up $0.14 during midday trading on Friday, hitting $6.90. The stock had a trading volume of 2,252 shares, compared to its average volume of 10,711. The company’s 50-day moving average price is $7.18 and its 200-day moving average price is $7.45. The company has a market capitalization of $91.43 million, a P/E ratio of 115.02 and a beta of 0.52. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.95. Bogota Financial has a fifty-two week low of $6.46 and a fifty-two week high of $9.02.

Bogota Financial (NASDAQ:BSBK) last issued its earnings results on Tuesday, February 6th. The company reported ($0.09) EPS for the quarter. The firm 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%.

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.