Bogota Financial Corp. (NASDAQ:BSBK) Short Interest Down 11.3% in March

Bogota Financial Corp. (NASDAQ:BSBK - Get Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 9,400 shares, a drop of 11.3% from the March 15th total of 10,600 shares. Based on an average daily volume of 5,300 shares, the short-interest ratio is presently 1.8 days. Currently, 0.2% of the shares of the company are short sold.

Bogota Financial Stock Performance

Shares of Bogota Financial stock remained flat at $6.56 during trading on Friday. The stock had a trading volume of 3,625 shares, compared to its average volume of 7,692. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.95. Bogota Financial has a 12 month low of $6.46 and a 12 month high of $9.65. The stock has a market cap of $86.92 million, a P/E ratio of 109.35 and a beta of 0.52. The company has a fifty day simple moving average of $7.42 and a 200-day simple moving average of $7.49.

Bogota Financial (NASDAQ:BSBK - Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported ($0.09) EPS for the quarter. The company had revenue of $3.22 million during the quarter. Bogota Financial had a return on equity of 0.47% and a net margin of 1.67%.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded shares of Bogota Financial from a "c" rating to a "d+" rating in a research note on Tuesday, February 6th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BSBK. Vanguard Group Inc. grew its position in Bogota Financial by 50.6% during the 3rd quarter. Vanguard Group Inc. now owns 385,307 shares of the company's stock worth $4,246,000 after acquiring an additional 129,522 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Bogota Financial by 40.1% in the fourth quarter. Renaissance Technologies LLC now owns 41,200 shares of the company's stock valued at $461,000 after buying an additional 11,786 shares during the period. Bank of America Corp DE raised its holdings in Bogota Financial by 10.3% in the 4th quarter. Bank of America Corp DE now owns 27,584 shares of the company's stock valued at $308,000 after buying an additional 2,584 shares during the last quarter. Geode Capital Management LLC boosted its position in Bogota Financial by 19.7% during the 2nd quarter. Geode Capital Management LLC now owns 36,849 shares of the company's stock worth $301,000 after buying an additional 6,074 shares during the period. Finally, Northern Trust Corp bought a new stake in Bogota Financial during the 4th quarter worth approximately $155,000. 11.63% of the stock is currently owned by institutional investors and hedge funds.

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, as well as 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.