Short Interest in Bogota Financial Corporation (NASDAQ:BSBK) Grows By 42.3%

Bogota Financial Corporation (NASDAQ:BSBK - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 31,300 shares, an increase of 42.3% from the May 15th total of 22,000 shares. Currently, 0.8% of the company's shares are sold short. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is presently 10.1 days.

Bogota Financial Trading Up 3.4%

Bogota Financial stock traded up $0.25 during midday trading on Tuesday, hitting $7.66. 321 shares of the stock were exchanged, compared to its average volume of 5,748. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. The stock's 50-day simple moving average is $7.04 and its 200 day simple moving average is $7.53. Bogota Financial has a fifty-two week low of $6.40 and a fifty-two week high of $8.66. The stock has a market capitalization of $99.66 million, a price-to-earnings ratio of -153.17 and a beta of 0.11.

Bogota Financial (NASDAQ:BSBK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.06 earnings per share (EPS) for the quarter. Bogota Financial had a negative net margin of 1.75% and a negative return on equity of 0.57%. The business had revenue of $4.48 million during the quarter.

Institutional Investors Weigh In On Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Northern Trust Corp boosted its stake in Bogota Financial Corporation (NASDAQ:BSBK - Free Report) by 63.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,708 shares of the company's stock after buying an additional 9,963 shares during the period. Northern Trust Corp owned approximately 0.20% of Bogota Financial worth $193,000 at the end of the most recent quarter. 11.63% of the stock is owned by hedge funds and other institutional investors.

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.