Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Up 238.4% in August

Bogota Financial Corporation (NASDAQ:BSBK) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 29,034 shares, an increase of 238.4% from the July 30th total of 8,580 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 13,516 shares, the days-to-cover ratio is currently 2.1 days.

Bogota Financial Stock Up 0.4%

Bogota Financial stock traded up $0.04 during mid-day trading on Friday, hitting $9.16. 5,099 shares of the company’s stock were exchanged, compared to its average volume of 9,524. Bogota Financial has a 1-year low of $8.10 and a 1-year high of $9.55. The stock has a 50 day moving average of $9.07 and a two-hundred day moving average of $8.72. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. The stock has a market cap of $116.88 million, a P/E ratio of 43.62 and a beta of 0.14.

Bogota Financial (NASDAQ:BSBK) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The company had revenue of $4.50 million during the quarter, compared to analyst estimates of $4.50 million. Bogota Financial had a return on equity of 1.83% and a net margin of 6.00%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Bogota Financial in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Investors Weigh In On Bogota Financial

A number of large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new position in shares of Bogota Financial in the second quarter valued at approximately $262,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Bogota Financial during the second quarter worth about $27,000. Donald Smith & CO. Inc. bought a new position in Bogota Financial during the second quarter valued at about $13,054,000. BlackRock Inc. bought a new position in Bogota Financial during the second quarter valued at about $142,000. Finally, Renaissance Technologies LLC raised its holdings in Bogota Financial by 5.9% in the 4th quarter. Renaissance Technologies LLC now owns 30,551 shares of the company’s stock valued at $258,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors own 11.63% of the company’s stock.

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.