Broadway Financial Co. (NASDAQ:BYFC) Short Interest Update

Broadway Financial Co. (NASDAQ:BYFC) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 9,500 shares, an increase of 26.7% from the January 31st total of 7,500 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 6,000 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On Broadway Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Wittenberg Investment Management Inc. lifted its stake in Broadway Financial by 12.2% in the third quarter. Wittenberg Investment Management Inc. now owns 51,117 shares of the savings and loans company’s stock worth $329,000 after purchasing an additional 5,566 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Broadway Financial by 29.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company’s stock worth $148,000 after purchasing an additional 4,850 shares during the period. Finally, M3F Inc. boosted its position in Broadway Financial by 56.7% during the 4th quarter. M3F Inc. now owns 249,450 shares of the savings and loans company’s stock valued at $1,709,000 after acquiring an additional 90,299 shares in the last quarter. 12.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Broadway Financial in a research note on Thursday, February 27th. They issued a “sell” rating for the company.

Broadway Financial Price Performance

NASDAQ BYFC traded up $0.22 on Thursday, hitting $7.48. The stock had a trading volume of 1,617 shares, compared to its average volume of 4,981. The company has a market capitalization of $68.16 million, a price-to-earnings ratio of 187.07 and a beta of 0.73. Broadway Financial has a 52-week low of $4.41 and a 52-week high of $9.46. The firm has a 50-day moving average of $7.61 and a 200-day moving average of $7.12. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38.

Broadway Financial (NASDAQ:BYFC) last announced its earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.

About Broadway Financial

Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, interest checking accounts, money market accounts, and fixed-term certificates of deposit.