Broadway Financial Corporation (NASDAQ:BYFC) Short Interest Down 14.5% in February

Broadway Financial Corporation (NASDAQ:BYFC) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 12,614 shares, a drop of 14.5% from the February 12th total of 14,757 shares. Based on an average daily volume of 2,694 shares, the days-to-cover ratio is presently 4.7 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 2,694 shares, the days-to-cover ratio is presently 4.7 days.

Broadway Financial Price Performance

NASDAQ:BYFC opened at $7.79 on Wednesday. Broadway Financial has a one year low of $5.51 and a one year high of $8.85. The stock has a market cap of $71.51 million, a PE ratio of -2.63 and a beta of 0.73. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.03 and a current ratio of 1.11. The stock has a 50 day moving average price of $8.12 and a 200 day moving average price of $7.25.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. increased its position in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,835 shares of the savings and loans company’s stock after acquiring an additional 1,953 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 0.61% of Broadway Financial worth $405,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 12.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Broadway Financial in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Broadway Financial presently has an average rating of “Sell”.

About Broadway Financial

Broadway Financial Corporation is a bank holding company based in Los Angeles, California. Through its wholly owned subsidiary, Broadway Federal Bank, the company provides retail and commercial banking products and services. Its offerings include deposit accounts such as checking, savings and certificates of deposit, along with consumer loans, mortgage financing and small-business lending.

Founded in 1946, Broadway Financial has established a presence throughout the Southern California region, focusing on personalized service for individuals, families and small- to mid-sized enterprises.