Short Interest in Bogota Financial Corp. (NASDAQ:BSBK) Grows By 6.4%

Bogota Financial Corp. (NASDAQ:BSBK) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 13,300 shares, an increase of 6.4% from the September 15th total of 12,500 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 8,300 shares, the days-to-cover ratio is presently 1.6 days.

Bogota Financial Price Performance

Shares of BSBK traded down $0.08 during mid-day trading on Thursday, hitting $8.20. 4,105 shares of the company were exchanged, compared to its average volume of 6,828. The stock has a market cap of $108.70 million, a price-to-earnings ratio of -165.60 and a beta of 0.53. Bogota Financial has a 1-year low of $6.40 and a 1-year high of $8.66. The company has a 50 day moving average of $7.66 and a 200-day moving average of $7.14. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.03 and a current ratio of 1.03.

Bogota Financial (NASDAQ:BSBK) last announced its earnings results on Wednesday, July 31st. The company reported ($0.03) EPS for the quarter. The firm had revenue of $3.05 million for the quarter. Bogota Financial had a negative net margin of 5.13% and a negative return on equity of 1.52%.

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.