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

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

Bogota Financial Stock Performance

NASDAQ:BSBK traded up $0.12 during trading hours on Friday, reaching $8.13. The company had a trading volume of 2,344 shares, compared to its average volume of 6,118. 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 business’s 50-day simple moving average is $8.14 and its two-hundred day simple moving average is $7.44. Bogota Financial has a twelve month low of $6.40 and a twelve month high of $8.66.

Institutional Investors Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Geode Capital Management LLC lifted its position in shares of Bogota Financial Corp. (NASDAQ:BSBK) by 17.8% during the third quarter, according to its most recent disclosure 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 period. Geode Capital Management LLC owned 0.37% of Bogota Financial worth $406,000 at the end of the most recent quarter. 11.63% of the stock is owned by institutional investors and hedge funds.

Bogota Financial Company Profile

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.