Bogota Financial Corporation (NASDAQ:BSBK) Sees Significant Decrease in Short Interest

Bogota Financial Corporation (NASDAQ:BSBKGet Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 7,308 shares, a drop of 53.6% from the June 30th total of 15,765 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 6,617 shares, the short-interest ratio is presently 1.1 days.

Bogota Financial Stock Up 1.3%

BSBK stock traded up $0.12 during mid-day trading on Tuesday, hitting $9.07. 119 shares of the company were exchanged, compared to its average volume of 9,132. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.02 and a current ratio of 1.02. Bogota Financial has a 1-year low of $8.09 and a 1-year high of $9.50. The firm’s 50 day simple moving average is $8.91 and its 200 day simple moving average is $8.63. The firm has a market cap of $116.55 million, a P/E ratio of 53.34 and a beta of 0.14.

Bogota Financial (NASDAQ:BSBKGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter. Bogota Financial had a net margin of 4.72% and a return on equity of 1.47%. The company had revenue of $4.75 million during the quarter.

Institutional Trading of Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Vanguard Group Inc. grew its position in Bogota Financial Corporation (NASDAQ:BSBKFree Report) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,608 shares of the company’s stock after purchasing an additional 8,517 shares during the period. Vanguard Group Inc. owned approximately 1.45% of Bogota Financial worth $1,741,000 at the end of the most recent quarter. Institutional investors own 11.63% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Bogota Financial in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Read Our Latest Stock Analysis on Bogota Financial

Bogota Financial Company Profile

(Get Free Report)

Bogota Financial Corp (NASDAQ: BSBK) is the bank holding company for Bogota Savings Bank, a New Jersey-chartered savings institution headquartered in Bogota, New Jersey. As a community-focused financial services provider, the company offers a range of deposit, lending and cash management solutions tailored to individuals, small businesses and commercial clients in Bergen County and surrounding areas.

The company’s deposit portfolio includes checking and savings accounts, money market deposit accounts, certificates of deposit and individual retirement accounts.

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