Broadway Financial Corporation (NASDAQ:BYFC) Short Interest Down 14.5% in February

Broadway Financial Corporation (NASDAQ:BYFC) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 12,614 shares, a decrease of 14.5% from the February 12th total of 14,757 shares. Based on an average trading volume of 2,694 shares, the short-interest ratio is currently 4.7 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 2,694 shares, the short-interest ratio is currently 4.7 days.

Institutional Trading of Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. increased its holdings in Broadway Financial Corporation (NASDAQ:BYFC) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,835 shares of the savings and loans company’s stock after purchasing an additional 1,953 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.61% of Broadway Financial worth $405,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 12.12% of the company’s stock.

Broadway Financial Stock Performance

NASDAQ BYFC traded down $0.03 on Tuesday, hitting $7.79. 869 shares of the company traded hands, compared to its average volume of 3,655. The business’s 50 day moving average price is $8.12 and its 200-day moving average price is $7.25. The company has a current ratio of 1.11, a quick ratio of 0.03 and a debt-to-equity ratio of 1.23. Broadway Financial has a 52-week low of $5.51 and a 52-week high of $8.85. The company has a market capitalization of $71.52 million, a price-to-earnings ratio of -2.63 and a beta of 0.73.

Wall Street Analyst Weigh In

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

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.