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

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) was the target of a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 17,500 shares, a drop of 21.9% from the July 31st total of 22,400 shares. Currently, 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. Based on an average daily volume of 6,300 shares, the short-interest ratio is presently 2.8 days. Currently, 0.4% of the company's shares are sold short.

Bogota Financial Trading Up 0.1%

NASDAQ BSBK traded up $0.01 during trading on Friday, hitting $9.22. The stock had a trading volume of 3,220 shares, compared to its average volume of 5,867. The stock has a 50 day simple moving average of $8.65 and a 200 day simple moving average of $7.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.07 and a current ratio of 1.07. Bogota Financial has a one year low of $6.59 and a one year high of $9.50. The stock 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 (NASDAQ:BSBK - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.02 earnings per share for the quarter. Bogota Financial had a negative net margin of 0.27% and a negative return on equity of 0.09%.

Institutional Trading of Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Northern Trust Corp grew its stake in shares of Bogota Financial Corporation (NASDAQ:BSBK - Free Report) by 63.3% in the 4th quarter, according to its most recent disclosure with the SEC. 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.

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.