Bogota Financial Corp. (NASDAQ:BSBK) Sees Large Increase in Short Interest

Bogota Financial Corp. (NASDAQ:BSBK) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 16,900 shares, an increase of 70.7% from the May 15th total of 9,900 shares. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.4% of the shares of the stock are sold short.

Bogota Financial Price Performance

Shares of NASDAQ:BSBK traded down $0.02 on Friday, reaching $6.70. The company’s stock had a trading volume of 600 shares, compared to its average volume of 4,169. The company has a 50-day simple moving average of $6.75 and a 200 day simple moving average of $7.35. Bogota Financial has a 52-week low of $6.46 and a 52-week high of $8.75. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $88.84 million, a P/E ratio of -133.97 and a beta of 0.52.

Bogota Financial (NASDAQ:BSBK) last announced its earnings results on Tuesday, April 30th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $2.95 million during the quarter. Bogota Financial had a negative net margin of 2.00% and a negative return on equity of 0.57%.

Bogota Financial Company Profile

Bogota Financial Corp. operates as the bank holding company for Bogota Savings Bank that provides banking products and services in the United States. It offers deposit accounts, including demand accounts, savings accounts, money market accounts, and certificate of deposit accounts. The company also provides one-to four-family residential real estate loans, and commercial real estate and multi-family loans; consumer loans, such as home equity loans and lines of credit; commercial and industrial loans; and construction loans; and buys, sells, and holds investment securities.