Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Down 65.1% in August

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 large decline in short interest in August. As of August 31st, there was short interest totaling 6,100 shares, a decline of 65.1% from the August 15th total of 17,500 shares. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the company's stock are sold short. Approximately 0.2% of the company's stock are sold short. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is presently 0.9 days.

Bogota Financial Stock Down 0.5%

Shares of NASDAQ:BSBK traded down $0.05 during trading hours on Wednesday, hitting $9.15. The company's stock had a trading volume of 7,874 shares, compared to its average volume of 4,220. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $119.04 million, a price-to-earnings ratio of -915,000.00 and a beta of 0.24. The firm's fifty day moving average price is $8.72 and its 200 day moving average price is $7.83. 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 posted its quarterly earnings data on Thursday, July 31st. The company reported $0.02 EPS for the quarter. Bogota Financial had a negative net margin of 0.27% and a negative return on equity of 0.09%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bogota Financial stock. Northern Trust Corp increased its position in shares of Bogota Financial Corporation (NASDAQ:BSBK - Free Report) by 63.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,708 shares of the company's stock after acquiring an additional 9,963 shares during the quarter. Northern Trust Corp owned about 0.20% of Bogota Financial worth $193,000 as of its most recent SEC filing. Institutional investors own 11.63% of the company's stock.

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.