BV Financial, Inc. (NASDAQ:BVFL) Sees Significant Growth in Short Interest

BV Financial, Inc. (NASDAQ:BVFL) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 8,900 shares, a growth of 34.8% from the May 31st total of 6,600 shares. Based on an average daily volume of 9,600 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On BV Financial

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in BV Financial by 28.9% in the first quarter. Vanguard Group Inc. now owns 481,762 shares of the company’s stock worth $4,977,000 after buying an additional 108,015 shares in the last quarter. BlackBarn Capital Partners LP bought a new position in BV Financial in the fourth quarter worth approximately $6,806,000. BHZ Capital Management LP bought a new position in BV Financial in the fourth quarter worth approximately $245,000. Finally, Covestor Ltd raised its stake in BV Financial by 99.8% in the first quarter. Covestor Ltd now owns 4,003 shares of the company’s stock worth $41,000 after buying an additional 1,999 shares in the last quarter. Institutional investors own 42.65% of the company’s stock.

BV Financial Trading Up 0.2 %

Shares of NASDAQ BVFL traded up $0.02 during trading hours on Friday, reaching $11.91. The stock had a trading volume of 51,288 shares, compared to its average volume of 12,050. The firm has a market cap of $135.49 million and a price-to-earnings ratio of 8.57. The business’s fifty day moving average price is $10.96 and its two-hundred day moving average price is $12.02. BV Financial has a 52-week low of $9.65 and a 52-week high of $18.00.

BV Financial (NASDAQ:BVFL) last issued its quarterly earnings data on Monday, April 22nd. The company reported $0.24 EPS for the quarter. The company had revenue of $8.54 million during the quarter. BV Financial had a net margin of 27.28% and a return on equity of 7.52%.

BV Financial Company Profile

BV Financial, Inc operates as the holding company for BayVanguard Bank that provides various financial services to individuals and businesses in Maryland. The company offers checking and money market accounts, savings accounts, and certificates of deposits. Its loan products include real estate, home equity, construction, lot, auto, boat, and other personal loans; and commercial lending products, such as commercial equipment/installation, commercial real estate, construction, investment real estate, lines of credit, and SBA loans, as well as loans for short-term real estate purchase, renovation, and sale projects.