Bogota Financial Corp. (NASDAQ:BSBK) Short Interest Update

Bogota Financial Corp. (NASDAQ:BSBK) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 13,500 shares, a decrease of 31.8% from the October 15th total of 19,800 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Geode Capital Management LLC boosted its holdings in Bogota Financial Corp. (NASDAQ:BSBK) by 17.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,904 shares of the company’s stock after buying an additional 7,385 shares during the quarter. Geode Capital Management LLC owned approximately 0.37% of Bogota Financial worth $406,000 at the end of the most recent reporting period. Institutional investors own 11.63% of the company’s stock.

Bogota Financial Price Performance

Shares of BSBK traded up $0.15 during trading hours on Friday, hitting $8.20. 554 shares of the company were exchanged, compared to its average volume of 6,750. The firm’s fifty day moving average is $8.02 and its 200 day moving average is $7.34. The company has a market cap of $107.61 million, a price-to-earnings ratio of -51.26 and a beta of 0.53. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.88. Bogota Financial has a fifty-two week low of $6.40 and a fifty-two week high of $8.66.

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.