Broadway Financial Co. (NASDAQ:BYFC) Short Interest Update

Broadway Financial Co. (NASDAQ:BYFC) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 7,000 shares, an increase of 12.9% from the October 31st total of 6,200 shares. Based on an average trading volume of 9,200 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. raised its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,117 shares of the savings and loans company’s stock after acquiring an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 0.56% of Broadway Financial worth $329,000 at the end of the most recent quarter. Institutional investors own 12.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Broadway Financial in a research report on Sunday. They issued a “sell” rating on the stock.

Broadway Financial Price Performance

Broadway Financial stock traded up $0.14 during midday trading on Friday, hitting $7.04. The company’s stock had a trading volume of 345 shares, compared to its average volume of 8,819. The company has a quick ratio of 0.14, a current ratio of 1.38 and a debt-to-equity ratio of 2.26. The stock’s 50-day moving average price is $6.75 and its 200-day moving average price is $5.99. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $7.99. The company has a market capitalization of $64.13 million, a PE ratio of 24.28 and a beta of 0.71.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share for the quarter. The company had revenue of $8.75 million during the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%.

About Broadway Financial

Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, interest checking accounts, money market accounts, and fixed-term certificates of deposit.