Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Up 105.5% in January

Bogota Financial Corporation (NASDAQ:BSBK) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 14,319 shares, an increase of 105.5% from the January 15th total of 6,967 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,869 shares, the short-interest ratio is currently 7.7 days. Based on an average trading volume of 1,869 shares, the short-interest ratio is currently 7.7 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bogota Financial stock. Vanguard Group Inc. raised its holdings in shares of Bogota Financial Corporation (NASDAQ:BSBK) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,608 shares of the company’s stock after buying an additional 8,517 shares during the quarter. Vanguard Group Inc. owned about 1.45% of Bogota Financial worth $1,741,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 11.63% of the company’s stock.

Bogota Financial Trading Up 1.5%

Shares of BSBK opened at $8.58 on Friday. Bogota Financial has a twelve month low of $6.59 and a twelve month high of $9.50. The stock has a market cap of $111.28 million, a PE ratio of 50.47 and a beta of 0.21. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $8.43 and its 200-day moving average price is $8.68.

Bogota Financial (NASDAQ:BSBK) last released its quarterly earnings data on Friday, February 13th. The company reported $0.05 EPS for the quarter. The company had revenue of $4.51 million during the quarter. Bogota Financial had a net margin of 1.08% and a return on equity of 0.35%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Bogota Financial in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Bogota Financial

Bogota Financial Corp (NASDAQ: BSBK) is the bank holding company for Bogota Savings Bank, a New Jersey-chartered savings institution headquartered in Bogota, New Jersey. As a community-focused financial services provider, the company offers a range of deposit, lending and cash management solutions tailored to individuals, small businesses and commercial clients in Bergen County and surrounding areas.

The company’s deposit portfolio includes checking and savings accounts, money market deposit accounts, certificates of deposit and individual retirement accounts.