Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Down 55.9% in February

Key Points

• Short interest plunged 55.9% in February, falling to 6,384 shares as of Feb 27 (about 0.1% of shares) with a days-to-cover ratio of 2.5.
• Renaissance Technologies increased its stake by 5.9% to 30,551 shares (roughly 0.24% of the company), while institutional and hedge fund ownership totals 11.63%.
• Valuation and analyst stance are muted: BSBK trades near $8.32 with a $107.9M market cap and a P/E of 48.9, Weiss Ratings recently reiterated a "Hold (c-)," and the firm reported $0.05 EPS for the quarter.

Bogota Financial Corporation (NASDAQ:BSBK - Get Free Report) was the target of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 6,384 shares, a decline of 55.9% from the February 12th total of 14,463 shares. Based on an average daily trading volume, of 2,537 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,537 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Investors Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Renaissance Technologies LLC grew its stake in shares of Bogota Financial Corporation (NASDAQ:BSBK - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,551 shares of the company's stock after buying an additional 1,700 shares during the period. Renaissance Technologies LLC owned approximately 0.24% of Bogota Financial worth $258,000 as of its most recent filing with the Securities and Exchange Commission. 11.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Bogota Financial in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Bogota Financial currently has an average rating of "Hold".

Bogota Financial Trading Down 0.1%

NASDAQ:BSBK traded down $0.01 during trading hours on Thursday, hitting $8.32. 1,224 shares of the stock were exchanged, compared to its average volume of 2,764. The company has a market capitalization of $107.90 million, a P/E ratio of 48.94 and a beta of 0.21. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The company's 50 day moving average is $8.49 and its two-hundred day moving average is $8.66. Bogota Financial has a twelve month low of $6.59 and a twelve month high of $9.50.

Bogota Financial (NASDAQ:BSBK - Get Free Report) last issued its earnings results on Friday, February 13th. The company reported $0.05 earnings per share (EPS) for the quarter. Bogota Financial had a net margin of 4.67% and a return on equity of 1.50%. The company had revenue of $4.51 million for the quarter.

About Bogota Financial

Bogota Financial Corp NASDAQ: BSBK is the bank holding company for Bogota Savings Bank, a New Jersey-chartered savings institution headquartered in Bogota, New Jersey. As a community-focused financial services provider, the company offers a range of deposit, lending and cash management solutions tailored to individuals, small businesses and commercial clients in Bergen County and surrounding areas.

The company's deposit portfolio includes checking and savings accounts, money market deposit accounts, certificates of deposit and individual retirement accounts.

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