Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Down 24.2% in December

Bogota Financial Corporation (NASDAQ:BSBK) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 6,758 shares, a drop of 24.2% from the December 15th total of 8,918 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 7,975 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 7,975 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the company’s shares are sold short.

Bogota Financial Price Performance

NASDAQ BSBK traded up $0.02 on Friday, reaching $8.55. The company’s stock had a trading volume of 330 shares, compared to its average volume of 5,293. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day moving average is $8.38 and its two-hundred day moving average is $8.62. Bogota Financial has a twelve month low of $6.59 and a twelve month high of $9.50. The stock has a market cap of $110.82 million, a PE ratio of 170.93 and a beta of 0.21.

Bogota Financial (NASDAQ:BSBK) last announced its earnings results on Monday, November 3rd. The company reported $0.04 EPS for the quarter. Bogota Financial had a return on equity of 0.35% and a net margin of 1.08%.The business had revenue of $4.22 million during the quarter.

Institutional Investors Weigh In On Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Vanguard Group Inc. increased its stake in shares of Bogota Financial Corporation (NASDAQ:BSBK) by 4.7% during the third quarter, according to the company in its most recent filing with the 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 1.45% of Bogota Financial worth $1,741,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 11.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Bogota Financial

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.