Broadway Financial Corporation (NASDAQ:BYFC) Short Interest Update

Broadway Financial Corporation (NASDAQ:BYFC) was the target of a significant growth in short interest in the month of 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 trading volume of 6,912 shares, the days-to-cover ratio is currently 3.4 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 6,912 shares, the days-to-cover ratio is currently 3.4 days.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. raised its holdings in Broadway Financial Corporation (NASDAQ:BYFC) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 0.61% of Broadway Financial worth $405,000 as of its most recent SEC filing. Institutional investors and hedge funds own 12.12% of the company’s stock.

Broadway Financial Stock Up 1.7%

NASDAQ:BYFC traded up $0.14 during trading hours on Thursday, hitting $8.38. 510 shares of the stock traded hands, compared to its average volume of 5,634. 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 fifty-two week low of $5.51 and a fifty-two week high of $8.85. The firm has a 50 day moving average price of $6.97 and a 200 day moving average price of $7.21. The firm has a market cap of $76.93 million, a price-to-earnings ratio of -64.45 and a beta of 0.69.

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.