Bogota Financial Corp. (NASDAQ:BSBK) Short Interest Update

Posted by Maddie Sorensen on Nov 30th, 2024

Bogota Financial Corp. (NASDAQ:BSBK – Get Free Report) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 10,300 shares, a decrease of 23.7% from the October 31st total of 13,500 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 8,600 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Geode Capital Management LLC boosted its stake in shares of Bogota Financial Corp. (NASDAQ:BSBK – Free Report) by 17.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,904 shares of the company’s stock after purchasing an additional 7,385 shares during the quarter. Geode Capital Management LLC owned about 0.37% of Bogota Financial worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 11.63% of the stock is owned by hedge funds and other institutional investors.

Bogota Financial Stock Up 1.5 %

Shares of BSBK traded up $0.12 during midday trading on Friday, reaching $8.13. 2,344 shares of the stock were exchanged, compared to its average volume of 6,719. Bogota Financial has a 52 week low of $6.40 and a 52 week high of $8.66. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The company’s 50 day moving average is $8.14 and its two-hundred day moving average is $7.44. The company has a market capitalization of $106.26 million, a P/E ratio of -50.81 and a beta of 0.53.

About Bogota Financial

(Get Free Report)

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.