Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Up 142.6% in April

Bogota Financial Corporation (NASDAQ:BSBK) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 15,431 shares, an increase of 142.6% from the April 15th total of 6,360 shares. Based on an average trading volume of 9,416 shares, the short-interest ratio is presently 1.6 days. Approximately 0.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Bogota Financial in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Bogota Financial Trading Down 0.8%

Shares of BSBK stock traded down $0.07 during mid-day trading on Friday, reaching $8.50. The company’s stock had a trading volume of 10,354 shares, compared to its average volume of 13,421. The company’s 50 day simple moving average is $8.45 and its 200-day simple moving average is $8.45. The firm has a market capitalization of $109.23 million, a PE ratio of 50.00 and a beta of 0.15. Bogota Financial has a 12-month low of $6.91 and a 12-month high of $9.50. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

Bogota Financial (NASDAQ:BSBK) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $4.75 million during the quarter. Bogota Financial had a net margin of 4.72% and a return on equity of 1.47%.

Institutional Investors Weigh In On Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Vanguard Group Inc. raised its holdings in shares of Bogota Financial Corporation (NASDAQ:BSBK) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 188,608 shares of the company’s stock after purchasing an additional 8,517 shares during the quarter. Vanguard Group Inc. owned 1.45% of Bogota Financial worth $1,741,000 at the end of the most recent quarter. 11.63% of the stock is owned by institutional investors.

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.