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

Broadway Financial Co. (NASDAQ:BYFCGet Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 7,600 shares, a drop of 6.2% from the April 30th total of 8,100 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 6,600 shares, the short-interest ratio is presently 1.2 days.

Analyst Ratings Changes

Separately, initiated coverage on shares of Broadway Financial in a research note on Friday. They issued a “sell” rating on the stock.

Read Our Latest Stock Report on BYFC

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Vanguard Group Inc. lifted its holdings in Broadway Financial Co. (NASDAQ:BYFCFree Report) by 6.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,020 shares of the savings and loans company’s stock after buying an additional 19,918 shares during the period. Vanguard Group Inc. owned approximately 3.73% of Broadway Financial worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 12.12% of the company’s stock.

Broadway Financial Stock Up 1.9 %

Shares of BYFC opened at $4.94 on Tuesday. The stock has a 50 day moving average price of $5.04 and a 200 day moving average price of $5.93. Broadway Financial has a one year low of $4.41 and a one year high of $8.64. The company has a current ratio of 1.29, a quick ratio of 0.10 and a debt-to-equity ratio of 2.35.

About Broadway Financial

(Get Free Report)

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.

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