Bogota Financial Corp. (NASDAQ:BSBK) Short Interest Down 48.1% in December

Bogota Financial Corp. (NASDAQ:BSBK) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 8,400 shares, a drop of 48.1% from the December 15th total of 16,200 shares. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.2% of the company’s shares are sold short.

Bogota Financial Trading Up 1.4 %

NASDAQ BSBK traded up $0.11 during trading on Tuesday, hitting $7.96. 3,098 shares of the company’s stock traded hands, compared to its average volume of 4,737. The stock has a fifty day moving average of $7.93 and a two-hundred day moving average of $7.68. Bogota Financial has a 12-month low of $6.40 and a 12-month high of $8.66. The firm has a market cap of $104.08 million, a P/E ratio of -49.75 and a beta of 0.54. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08.

Institutional Investors Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Geode Capital Management LLC raised its stake in Bogota Financial Corp. (NASDAQ:BSBK) by 17.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 48,904 shares of the company’s stock after purchasing an additional 7,385 shares during the quarter. Geode Capital Management LLC owned 0.37% of Bogota Financial worth $406,000 at the end of the most recent quarter. Institutional investors and hedge funds own 11.63% of the company’s stock.

About Bogota Financial

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.