BayFirst Financial Corp. (NASDAQ:BAFN) Sees Large Increase in Short Interest

BayFirst Financial Corp. (NASDAQ:BAFN) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 12,541 shares, an increase of 171.3% from the December 31st total of 4,623 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 11,338 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 11,338 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BayFirst Financial in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On BayFirst Financial

A hedge fund recently raised its stake in BayFirst Financial stock. Banc Funds Co. LLC grew its stake in shares of BayFirst Financial Corp. (NASDAQ:BAFN) by 35.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,772 shares of the company’s stock after acquiring an additional 44,500 shares during the quarter. Banc Funds Co. LLC owned about 4.13% of BayFirst Financial worth $1,776,000 as of its most recent SEC filing. 16.88% of the stock is owned by hedge funds and other institutional investors.

BayFirst Financial Stock Performance

Shares of BAFN stock opened at $6.58 on Friday. The company has a market capitalization of $27.02 million, a price-to-earnings ratio of -2.11 and a beta of 0.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.88 and a current ratio of 1.01. The company’s 50-day moving average is $7.47 and its 200 day moving average is $9.16. BayFirst Financial has a one year low of $5.72 and a one year high of $19.75.

BayFirst Financial (NASDAQ:BAFN) last released its quarterly earnings data on Thursday, January 29th. The company reported ($0.69) earnings per share (EPS) for the quarter. BayFirst Financial had a negative net margin of 8.08% and a negative return on equity of 12.02%. The business had revenue of $11.05 million during the quarter.

BayFirst Financial Company Profile

BayFirst Financial Corp (NASDAQ: BAFN) is the bank holding company for BayFirst National Bank, which operates as a Florida-chartered community bank. The company provides a range of commercial banking services, catering to both business and individual customers in the Tampa Bay region. BayFirst Financial emphasizes relationship-driven banking, offering personalized solutions tailored to the needs of local clients.

The company’s product suite includes deposit accounts such as checking, savings, money market accounts and certificates of deposit.