Short Interest in Blue Foundry Bancorp (NASDAQ:BLFY) Increases By 7.8%

Blue Foundry Bancorp (NASDAQ:BLFY) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 549,900 shares, an increase of 7.8% from the May 31st total of 509,900 shares. Based on an average daily trading volume, of 44,400 shares, the short-interest ratio is presently 12.4 days. Approximately 2.7% of the shares of the company are short sold.

Institutional Trading of Blue Foundry Bancorp

A number of large investors have recently bought and sold shares of BLFY. Essex Financial Services Inc. raised its stake in shares of Blue Foundry Bancorp by 0.3% in the third quarter. Essex Financial Services Inc. now owns 596,603 shares of the company’s stock valued at $4,994,000 after acquiring an additional 1,545 shares during the last quarter. SG Americas Securities LLC boosted its stake in Blue Foundry Bancorp by 21.8% in the fourth quarter. SG Americas Securities LLC now owns 13,206 shares of the company’s stock worth $128,000 after purchasing an additional 2,365 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Blue Foundry Bancorp during the fourth quarter worth $2,000,000. Wittenberg Investment Management Inc. increased its stake in shares of Blue Foundry Bancorp by 53.6% in the fourth quarter. Wittenberg Investment Management Inc. now owns 34,404 shares of the company’s stock valued at $333,000 after buying an additional 12,000 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of Blue Foundry Bancorp in the first quarter valued at about $505,000. 56.52% of the stock is currently owned by institutional investors.

Blue Foundry Bancorp Stock Performance

NASDAQ BLFY traded up $0.14 during midday trading on Tuesday, hitting $9.20. The company had a trading volume of 23,162 shares, compared to its average volume of 50,608. Blue Foundry Bancorp has a fifty-two week low of $7.08 and a fifty-two week high of $10.50. The firm has a fifty day simple moving average of $8.99 and a two-hundred day simple moving average of $9.20. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.24 and a current ratio of 1.24.

Blue Foundry Bancorp (NASDAQ:BLFY) last issued its earnings results on Wednesday, April 24th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.07. The firm had revenue of $9.87 million during the quarter, compared to analysts’ expectations of $9.30 million. Blue Foundry Bancorp had a negative return on equity of 2.52% and a negative net margin of 10.89%. On average, research analysts predict that Blue Foundry Bancorp will post -0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered their target price on Blue Foundry Bancorp from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th.

About Blue Foundry Bancorp

Blue Foundry Bancorp operates as a bank holding company for Blue Foundry Bank, a savings bank that offers various banking products and services for individuals and businesses in the United States. The company offers saving, time, and non-interest bearing deposits; demand accounts; and loans, such as one-to-four family residential property, multi-family, residential real estate, non-residential real estate, consumer, construction, and commercial and industrial loans, as well as junior liens and home equity lines of credit.