Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Update

Bogota Financial Corporation (NASDAQ:BSBK) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 6,758 shares, a decline of 24.2% from the December 15th total of 8,918 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 7,975 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 7,975 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Bogota Financial in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Bogota Financial Stock Up 0.2%

Shares of NASDAQ BSBK opened at $8.55 on Monday. The firm has a market cap of $110.83 million, a PE ratio of 170.93 and a beta of 0.21. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03. Bogota Financial has a 1 year low of $6.59 and a 1 year high of $9.50. The company has a 50 day simple moving average of $8.38 and a 200 day simple moving average of $8.62.

Bogota Financial (NASDAQ:BSBK) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.04 EPS for the quarter. Bogota Financial had a return on equity of 0.35% and a net margin of 1.08%.The firm had revenue of $4.22 million for the quarter.

Hedge Funds Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Vanguard Group Inc. grew its holdings in shares of Bogota Financial Corporation (NASDAQ:BSBK) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,608 shares of the company’s stock after acquiring an additional 8,517 shares during the period. Vanguard Group Inc. owned 1.45% of Bogota Financial worth $1,741,000 as of its most recent SEC filing. 11.63% of the stock is owned by institutional investors.

About Bogota Financial

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.