Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Up 79.7% in September

Key Points

• Bogota Financial Corporation experienced a dramatic increase in short interest of 79.7% in September, from 7,900 to 14,200 shares.
• Weiss Ratings reaffirmed a "sell (d-)" rating for the company, contributing to an overall average rating of “Sell” among analysts.
• As of the latest reporting, Bogota Financial's stock price was $8.66, with a market cap of $112.60 million and significant negative financial ratios, including a PE ratio of -865,500.00.

Bogota Financial Corporation (NASDAQ:BSBK - Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 14,200 shares, an increase of 79.7% from the September 15th total of 7,900 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is currently 2.1 days. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.4% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Bogota Financial in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of "Sell".

Bogota Financial Stock Down 1.4%

BSBK opened at $8.66 on Tuesday. The company has a 50 day moving average of $9.13 and a 200 day moving average of $8.05. The company has a market cap of $112.60 million, a PE ratio of -865,500.00 and a beta of 0.27. Bogota Financial has a 12 month low of $6.59 and a 12 month high of $9.50. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.77.

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

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.

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