Bogota Financial Corp. (NASDAQ:BSBK) Sees Significant Increase in Short Interest

Bogota Financial Corp. (NASDAQ:BSBK) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 13,300 shares, a growth of 6.4% from the September 15th total of 12,500 shares. Based on an average daily volume of 8,300 shares, the short-interest ratio is presently 1.6 days. Currently, 0.3% of the company’s stock are sold short.

Bogota Financial Stock Down 0.6 %

BSBK stock traded down $0.05 during trading on Wednesday, reaching $8.28. The stock had a trading volume of 7,877 shares, compared to its average volume of 6,842. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $109.76 million, a price-to-earnings ratio of -166.60 and a beta of 0.53. The company’s 50 day moving average is $7.64 and its two-hundred day moving average is $7.14. Bogota Financial has a one year low of $6.40 and a one year high of $8.66.

Bogota Financial (NASDAQ:BSBK) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.03) EPS for the quarter. Bogota Financial had a negative return on equity of 1.52% and a negative net margin of 5.13%. The company had revenue of $3.05 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.