Bogota Financial Corporation (NASDAQ:BSBK) Sees Significant Decrease in Short Interest

Bogota Financial Corporation (NASDAQ:BSBK) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 7,308 shares, a decline of 53.6% from the June 30th total of 15,765 shares. Based on an average trading volume of 6,617 shares, the short-interest ratio is presently 1.1 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Renaissance Technologies LLC boosted its position in shares of Bogota Financial Corporation (NASDAQ:BSBK) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,551 shares of the company’s stock after acquiring an additional 1,700 shares during the quarter. Renaissance Technologies LLC owned 0.24% of Bogota Financial worth $258,000 at the end of the most recent reporting period. 11.63% of the stock is owned by institutional investors and hedge funds.

Bogota Financial Stock Up 1.3%

Shares of NASDAQ:BSBK traded up $0.12 during midday trading on Tuesday, reaching $9.07. The company had a trading volume of 119 shares, compared to its average volume of 9,132. Bogota Financial has a 1-year low of $8.09 and a 1-year high of $9.50. The stock has a market cap of $116.55 million, a PE ratio of 53.34 and a beta of 0.14. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average price is $8.91 and its 200 day moving average price is $8.63.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Bogota Financial in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Bogota Financial has an average rating of “Hold”.

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.