Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Up 142.6% in April

Bogota Financial Corporation (NASDAQ:BSBK) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 15,431 shares, a growth of 142.6% from the April 15th total of 6,360 shares. Based on an average trading volume of 9,416 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.1% of the company’s stock are sold short.

Bogota Financial Stock Down 0.5%

NASDAQ BSBK traded down $0.05 during trading hours on Friday, reaching $8.53. 5,415 shares of the company traded hands, compared to its average volume of 6,573. The company has a 50 day moving average of $8.45 and a two-hundred day moving average of $8.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. Bogota Financial has a 12 month low of $6.91 and a 12 month high of $9.50. The stock has a market capitalization of $110.14 million, a PE ratio of 50.15 and a beta of 0.15.

Bogota Financial (NASDAQ:BSBK) last posted its quarterly earnings results 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 1.48%. The company had revenue of $4.75 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Bogota Financial in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Bogota Financial currently has an average rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bogota Financial stock. Vanguard Group Inc. lifted its holdings in Bogota Financial Corporation (NASDAQ:BSBK) by 4.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 188,608 shares of the company’s stock after buying an additional 8,517 shares during the quarter. Vanguard Group Inc. owned approximately 1.45% of Bogota Financial worth $1,741,000 as of its most recent filing with the SEC. 11.63% of the stock is currently owned by hedge funds and other institutional investors.

Bogota Financial Company Profile

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.