Short Interest in Bogota Financial Corp. (NASDAQ:BSBK) Declines By 47.1%

Bogota Financial Corp. (NASDAQ:BSBK) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 9,200 shares, a decline of 47.1% from the June 30th total of 17,400 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is presently 1.5 days.

Bogota Financial Stock Up 0.7 %

Shares of BSBK opened at $7.37 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50-day simple moving average of $6.86 and a 200-day simple moving average of $7.22. Bogota Financial has a 52 week low of $6.40 and a 52 week high of $8.75. The firm has a market capitalization of $97.73 million, a P/E ratio of -147.37 and a beta of 0.52.

Bogota Financial (NASDAQ:BSBK) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.03) EPS for the quarter. Bogota Financial had a negative net margin of 2.00% and a negative return on equity of 0.57%. The firm had revenue of $2.95 million during the quarter.

Bogota Financial Company Profile

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.