BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Up 105.1% in September

BayFirst Financial Corp. (NASDAQ:BAFN) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 8,000 shares, an increase of 105.1% from the August 31st total of 3,900 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 16,700 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 16,700 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

BayFirst Financial Stock Performance

NASDAQ:BAFN opened at $10.34 on Friday. The company has a fifty day simple moving average of $9.81 and a two-hundred day simple moving average of $13.40. The company has a market cap of $42.70 million, a price-to-earnings ratio of 5.98 and a beta of 0.41. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.52. BayFirst Financial has a 52 week low of $6.40 and a 52 week high of $19.75.

BayFirst Financial (NASDAQ:BAFN) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.39) EPS for the quarter. The business had revenue of $23.14 million during the quarter. BayFirst Financial had a return on equity of 10.14% and a net margin of 6.65%.

Hedge Funds Weigh In On BayFirst Financial

A hedge fund recently bought a new stake in BayFirst Financial stock. FNY Investment Advisers LLC bought a new position in shares of BayFirst Financial Corp. (NASDAQ:BAFN) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,570 shares of the company’s stock, valued at approximately $93,000. FNY Investment Advisers LLC owned approximately 0.13% of BayFirst Financial at the end of the most recent quarter. Institutional investors own 16.88% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of BayFirst Financial in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About BayFirst Financial

BayFirst Financial Corp. operates as the bank holding company for BayFirst National Bank that provides community banking services for businesses and individuals. The company offers checking, savings, NOW, and money market deposit accounts, as well as certificates of deposit and individual retirement account; and safety deposit boxes.