BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Up 105.1% in September

BayFirst Financial Corp. (NASDAQ:BAFN) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 8,000 shares, a growth of 105.1% from the August 31st total of 3,900 shares. Based on an average daily volume of 16,700 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 16,700 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of BayFirst Financial

A hedge fund recently bought a new stake in BayFirst Financial stock. FNY Investment Advisers LLC purchased a new stake in shares of BayFirst Financial Corp. (NASDAQ:BAFN) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,570 shares of the company’s stock, valued at approximately $93,000. FNY Investment Advisers LLC owned 0.13% of BayFirst Financial as of its most recent filing with the SEC. Hedge funds and other institutional investors own 16.88% of the company’s stock.

BayFirst Financial Stock Up 2.5%

BAFN stock opened at $10.34 on Friday. The firm has a market cap of $42.70 million, a PE ratio of 5.98 and a beta of 0.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.94 and a current ratio of 1.02. The firm’s 50 day moving average price is $9.81 and its 200-day moving average price is $13.40. BayFirst Financial has a one year low of $6.40 and a one year high of $19.75.

BayFirst Financial (NASDAQ:BAFN) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.39) EPS for the quarter. The firm had revenue of $23.14 million for the quarter. BayFirst Financial had a net margin of 6.65% and a return on equity of 10.14%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of BayFirst Financial in a research note on Saturday, September 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About BayFirst Financial

BayFirst Financial Corp. operates as the bank holding company for BayFirst National Bank that provides community banking services for businesses and individuals. The company offers checking, savings, NOW, and money market deposit accounts, as well as certificates of deposit and individual retirement account; and safety deposit boxes.