Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Update

Key Points

• Bogota Financial Corporation experienced a significant decrease in short interest, dropping by 21.9% to a total of 17,500 shares as of August 15th.
• The company's stock, trading at $9.30, has a market capitalization of $121.01 million and reported a negative return on equity of 0.09%.
• Northern Trust Corp increased its holdings in Bogota Financial by 63.3%, now owning 25,708 shares worth approximately $193,000.

Bogota Financial Corporation (NASDAQ:BSBK - Get Free Report) saw a significant decrease in short interest in August. As of August 15th, there was short interest totaling 17,500 shares, a decrease of 21.9% from the July 31st total of 22,400 shares. Based on an average daily volume of 6,300 shares, the short-interest ratio is presently 2.8 days. Approximately 0.4% of the company's shares are sold short. Approximately 0.4% of the company's shares are sold short. Based on an average daily volume of 6,300 shares, the short-interest ratio is presently 2.8 days.

Bogota Financial Trading Up 0.1%

NASDAQ:BSBK traded up $0.01 during trading hours on Friday, reaching $9.22. 3,220 shares of the stock were exchanged, compared to its average volume of 5,867. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $119.93 million, a price-to-earnings ratio of -922,000.00 and a beta of 0.24. Bogota Financial has a twelve month low of $6.59 and a twelve month high of $9.50. The business has a 50-day moving average of $8.65 and a two-hundred day moving average of $7.80.

Bogota Financial (NASDAQ:BSBK - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.02 earnings per share (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

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% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,708 shares of the company's stock after acquiring an additional 9,963 shares during the period. Northern Trust Corp owned about 0.20% of Bogota Financial worth $193,000 at the end of the most recent quarter. 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.