Short Interest in Bogota Financial Corp. (NASDAQ:BSBK) Rises By 56.3%

Bogota Financial Corp. (NASDAQ:BSBK) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 16,100 shares, a growth of 56.3% from the November 15th total of 10,300 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 7,800 shares, the short-interest ratio is presently 2.1 days.

Institutional Investors Weigh In On Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Geode Capital Management LLC increased its holdings in Bogota Financial Corp. (NASDAQ:BSBK) by 17.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,904 shares of the company’s stock after buying an additional 7,385 shares during the period. Geode Capital Management LLC owned 0.37% of Bogota Financial worth $406,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 11.63% of the company’s stock.

Bogota Financial Stock Performance

Shares of NASDAQ:BSBK traded down $0.13 during midday trading on Friday, reaching $7.95. 5,275 shares of the company traded hands, compared to its average volume of 6,589. Bogota Financial has a 12 month low of $6.40 and a 12 month high of $8.66. The firm’s fifty day moving average price is $8.10 and its two-hundred day moving average price is $7.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $103.95 million, a price-to-earnings ratio of -49.69 and a beta of 0.52.

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.