Broadway Financial Co. (NASDAQ:BYFC) Short Interest Update

Broadway Financial Co. (NASDAQ:BYFC) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 6,600 shares, a decline of 13.2% from the May 15th total of 7,600 shares. Based on an average daily trading volume, of 6,700 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.1% of the shares of the stock are short sold.

Broadway Financial Price Performance

BYFC traded up $0.06 on Tuesday, hitting $5.12. 6,373 shares of the company were exchanged, compared to its average volume of 6,115. The firm has a market capitalization of $46.75 million, a P/E ratio of 17.00 and a beta of 0.69. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.10 and a current ratio of 1.29. The business’s fifty day moving average is $4.92 and its 200 day moving average is $5.77. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $8.56.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings data on Wednesday, June 5th. The savings and loans company reported $0.31 earnings per share for the quarter. Broadway Financial had a net margin of 4.92% and a return on equity of 2.15%. The business had revenue of $11.62 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. increased its position in Broadway Financial Co. (NASDAQ:BYFC) by 10.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,011 shares of the savings and loans company’s stock after buying an additional 16,328 shares during the period. Wittenberg Investment Management Inc. owned about 1.85% of Broadway Financial worth $169,000 as of its most recent SEC filing. 12.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Broadway Financial in a report on Sunday. They issued a “sell” rating for the company.

About Broadway Financial

Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, interest checking accounts, money market accounts, and fixed-term certificates of deposit.