Short Interest in Bogota Financial Corporation (NASDAQ:BSBK) Increases By 105.5%

Bogota Financial Corporation (NASDAQ:BSBK) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 14,319 shares, a growth of 105.5% from the January 15th total of 6,967 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,869 shares, the short-interest ratio is presently 7.7 days. Based on an average daily trading volume, of 1,869 shares, the short-interest ratio is presently 7.7 days. Currently, 0.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Bogota Financial in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Vanguard Group Inc. increased its holdings in Bogota Financial Corporation (NASDAQ:BSBK) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,608 shares of the company’s stock after acquiring an additional 8,517 shares during the period. Vanguard Group Inc. owned about 1.45% of Bogota Financial worth $1,741,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 11.63% of the company’s stock.

Bogota Financial Price Performance

Shares of NASDAQ:BSBK opened at $8.55 on Friday. Bogota Financial has a twelve month low of $6.59 and a twelve month high of $9.50. The stock’s 50 day moving average is $8.42 and its 200-day moving average is $8.68. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $110.83 million, a price-to-earnings ratio of 170.93 and a beta of 0.21.

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.