Broadway Financial Co. (NASDAQ:BYFC) Short Interest Update

Broadway Financial Co. (NASDAQ:BYFC - Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 5,500 shares, an increase of 37.5% from the April 30th total of 4,000 shares. Based on an average daily trading volume, of 5,900 shares, the short-interest ratio is currently 0.9 days. Currently, 0.1% of the shares of the stock are sold short.

Broadway Financial Trading Down 0.8%

Broadway Financial stock traded down $0.05 during midday trading on Tuesday, hitting $6.30. 2,841 shares of the stock were exchanged, compared to its average volume of 8,277. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $57.46 million, a price-to-earnings ratio of 157.54 and a beta of 0.73. The stock's 50-day simple moving average is $6.46 and its 200 day simple moving average is $7.05. Broadway Financial has a fifty-two week low of $4.68 and a fifty-two week high of $9.46.

Broadway Financial (NASDAQ:BYFC - Get Free Report) last posted its earnings results on Monday, April 28th. The savings and loans company reported ($0.14) EPS for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%. The company had revenue of $8.33 million during the quarter.

Hedge Funds Weigh In On Broadway Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Broadway Financial by 29.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,559 shares of the savings and loans company's stock worth $148,000 after acquiring an additional 4,850 shares in the last quarter. M3F Inc. lifted its stake in Broadway Financial by 56.7% in the fourth quarter. M3F Inc. now owns 249,450 shares of the savings and loans company's stock valued at $1,709,000 after buying an additional 90,299 shares during the last quarter. Finally, Wittenberg Investment Management Inc. boosted its stake in shares of Broadway Financial by 5.4% during the first quarter. Wittenberg Investment Management Inc. now owns 53,882 shares of the savings and loans company's stock worth $386,000 after buying an additional 2,765 shares during the period. Hedge funds and other institutional investors own 12.12% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on Broadway Financial in a report on Sunday, May 18th. They issued a "sell" rating on the stock.

Broadway Financial Company Profile

Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, interest checking accounts, money market accounts, and fixed-term certificates of deposit.