BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Update

BayFirst Financial Corp. (NASDAQ:BAFN) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 258,397 shares, a growth of 233.4% from the April 30th total of 77,504 shares. Approximately 7.7% of the company’s shares are sold short. Based on an average daily trading volume, of 131,757 shares, the short-interest ratio is presently 2.0 days.

Institutional Investors Weigh In On BayFirst Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Stifel Financial Corp boosted its stake in shares of BayFirst Financial by 46.5% during the 4th quarter. Stifel Financial Corp now owns 23,200 shares of the company’s stock valued at $182,000 after buying an additional 7,369 shares during the last quarter. Tactive Advisors LLC purchased a new position in shares of BayFirst Financial during the 1st quarter valued at approximately $98,000. Finally, Banc Funds Co. LLC boosted its stake in shares of BayFirst Financial by 35.5% during the 3rd quarter. Banc Funds Co. LLC now owns 169,772 shares of the company’s stock valued at $1,776,000 after buying an additional 44,500 shares during the last quarter. 16.88% of the stock is currently owned by hedge funds and other institutional investors.

BayFirst Financial Trading Up 1.2%

BayFirst Financial stock traded up $0.08 during trading on Friday, reaching $6.21. The company had a trading volume of 6,010 shares, compared to its average volume of 31,747. BayFirst Financial has a 12-month low of $4.80 and a 12-month high of $16.35. The firm has a market capitalization of $25.50 million, a price-to-earnings ratio of -0.86 and a beta of 0.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.96. The stock’s 50 day moving average price is $6.86 and its two-hundred day moving average price is $7.09.

BayFirst Financial (NASDAQ:BAFN) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($1.48) EPS for the quarter. BayFirst Financial had a negative net margin of 29.20% and a negative return on equity of 37.66%. The business had revenue of $10.33 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of BayFirst Financial in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

BayFirst Financial Company Profile

BayFirst Financial Corp (NASDAQ: BAFN) is the bank holding company for BayFirst National Bank, which operates as a Florida-chartered community bank. The company provides a range of commercial banking services, catering to both business and individual customers in the Tampa Bay region. BayFirst Financial emphasizes relationship-driven banking, offering personalized solutions tailored to the needs of local clients.

The company’s product suite includes deposit accounts such as checking, savings, money market accounts and certificates of deposit.