Bogota Financial Corporation (NASDAQ:BSBK) Sees Significant Decline in Short Interest

Key Points

• Bogota Financial Corporation's short interest fell by 65.1% in August, dropping from 17,500 shares to 6,100 shares, which currently represents 0.2% of the total shares.
• The company's stock opened at $9.21, reflecting a 0.4% decline, and boasts a market cap of approximately $119.82 million with a wide price fluctuation over the past 52 weeks.
• Northern Trust Corp recently raised its stake in Bogota Financial by 63.3%, owning 25,708 shares and indicating institutional investors control 11.63% of the stock.

Bogota Financial Corporation (NASDAQ:BSBK - Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 6,100 shares, a drop of 65.1% from the August 15th total of 17,500 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 6,500 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 6,500 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the shares of the stock are sold short.

Bogota Financial Stock Down 0.4%

NASDAQ:BSBK opened at $9.21 on Friday. The company has a market cap of $119.82 million, a price-to-earnings ratio of -921,000.00 and a beta of 0.24. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.07 and a current ratio of 1.07. The stock's fifty day moving average price is $8.62 and its two-hundred day moving average price is $7.79. Bogota Financial has a 52-week low of $6.59 and a 52-week high of $9.50.

Bogota Financial (NASDAQ:BSBK - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.02 EPS for the quarter. Bogota Financial had a negative return on equity of 0.09% and a negative net margin of 0.27%.

Hedge Funds Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Northern Trust Corp raised its stake in shares of Bogota Financial Corporation (NASDAQ:BSBK - Free Report) by 63.3% in the 4th quarter, according to its most recent 13F 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 quarter. Northern Trust Corp owned about 0.20% of Bogota Financial worth $193,000 at the end of the most recent reporting period. 11.63% of the stock is owned by institutional investors.

About Bogota Financial

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.

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