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

Bogota Financial Corp. (NASDAQ:BSBK) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 8,400 shares, a drop of 48.1% from the December 31st total of 16,200 shares. Based on an average daily trading volume, of 6,700 shares, the short-interest ratio is currently 1.3 days. Approximately 0.2% of the company’s stock are sold short.

Bogota Financial Stock Down 0.1 %

Shares of NASDAQ:BSBK traded down $0.01 on Wednesday, hitting $7.85. 2,438 shares of the company’s stock were exchanged, compared to its average volume of 5,074. Bogota Financial has a 1-year low of $6.40 and a 1-year high of $8.66. The company has a market capitalization of $102.65 million, a PE ratio of -49.09 and a beta of 0.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s 50-day moving average is $7.89 and its 200 day moving average is $7.76.

Hedge Funds Weigh In On Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Geode Capital Management LLC lifted its stake in shares of Bogota Financial Corp. (NASDAQ:BSBK) by 17.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,904 shares of the company’s stock after buying an additional 7,385 shares during the quarter. Geode Capital Management LLC owned about 0.37% of Bogota Financial worth $406,000 at the end of the most recent reporting period. 11.63% of the stock is owned by institutional investors and hedge funds.

About Bogota Financial

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.