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

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

Hedge Funds Weigh In On Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Vanguard Group Inc. raised its stake in shares of Bogota Financial Corporation (NASDAQ:BSBK) by 4.7% during the 3rd 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 buying an additional 8,517 shares during the period. Vanguard Group Inc. owned approximately 1.45% of Bogota Financial worth $1,741,000 as of its most recent SEC filing. Institutional investors own 11.63% of the company’s stock.

Bogota Financial Stock Performance

NASDAQ:BSBK traded down $0.05 during mid-day trading on Friday, hitting $8.53. The stock had a trading volume of 5,415 shares, compared to its average volume of 6,573. The stock has a market capitalization of $110.14 million, a price-to-earnings ratio of 50.15 and a beta of 0.15. The company has a 50 day simple moving average of $8.45 and a 200-day simple moving average of $8.45. Bogota Financial has a 52 week low of $6.91 and a 52 week high of $9.50. 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 (NASDAQ:BSBK) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $4.75 million for the quarter. Bogota Financial had a net margin of 4.72% and a return on equity of 1.48%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Bogota Financial in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.