Short Interest in Bogota Financial Corp. (NASDAQ:BSBK) Rises By 64.5%

Bogota Financial Corp. (NASDAQ:BSBK) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 15,300 shares, a growth of 64.5% from the February 28th total of 9,300 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 5,900 shares, the short-interest ratio is presently 2.6 days.

Bogota Financial Stock Up 0.1 %

Shares of NASDAQ BSBK opened at $7.69 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. Bogota Financial has a 1 year low of $6.40 and a 1 year high of $8.66. The stock has a market capitalization of $100.55 million, a P/E ratio of -54.92 and a beta of 0.49. The company has a 50-day moving average price of $7.83 and a 200-day moving average price of $7.92.

Bogota Financial (NASDAQ:BSBK) last released its quarterly earnings results on Friday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $2.92 million for the quarter. Bogota Financial had a negative net margin of 4.53% and a negative return on equity of 1.43%.

Institutional Investors Weigh In On Bogota Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Bogota Financial by 17.8% in the 3rd quarter. Geode Capital Management LLC now owns 48,904 shares of the company’s stock worth $406,000 after acquiring an additional 7,385 shares in the last quarter. Northern Trust Corp boosted its holdings in Bogota Financial by 63.3% during the fourth quarter. Northern Trust Corp now owns 25,708 shares of the company’s stock worth $193,000 after purchasing an additional 9,963 shares during the last quarter. Finally, M3F Inc. grew its position in Bogota Financial by 0.3% in the 4th quarter. M3F Inc. now owns 496,605 shares of the company’s stock worth $3,725,000 after purchasing an additional 1,619 shares in the last quarter. 11.63% of the stock is owned by hedge funds and other institutional investors.

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.