Broadway Financial Corporation (NASDAQ:BYFC) Short Interest Down 14.5% in February

Broadway Financial Corporation (NASDAQ:BYFC) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 12,614 shares, a decrease of 14.5% from the February 12th total of 14,757 shares. Based on an average daily volume of 2,694 shares, the days-to-cover ratio is currently 4.7 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,694 shares, the days-to-cover ratio is currently 4.7 days.

Broadway Financial Trading Up 0.3%

Shares of Broadway Financial stock opened at $7.85 on Monday. Broadway Financial has a 1 year low of $5.51 and a 1 year high of $8.85. The company has a current ratio of 1.11, a quick ratio of 0.03 and a debt-to-equity ratio of 1.23. The firm’s 50 day moving average is $8.12 and its 200 day moving average is $7.25. The firm has a market capitalization of $72.02 million, a PE ratio of -2.65 and a beta of 0.73.

Hedge Funds Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. grew its stake in shares of Broadway Financial Corporation (NASDAQ:BYFC) by 3.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 55,835 shares of the savings and loans company’s stock after purchasing an additional 1,953 shares during the period. Wittenberg Investment Management Inc. owned about 0.61% of Broadway Financial worth $405,000 as of its most recent filing with the SEC. 12.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Broadway Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Broadway Financial presently has an average rating of “Sell”.

Broadway Financial Company Profile

Broadway Financial Corporation is a bank holding company based in Los Angeles, California. Through its wholly owned subsidiary, Broadway Federal Bank, the company provides retail and commercial banking products and services. Its offerings include deposit accounts such as checking, savings and certificates of deposit, along with consumer loans, mortgage financing and small-business lending.

Founded in 1946, Broadway Financial has established a presence throughout the Southern California region, focusing on personalized service for individuals, families and small- to mid-sized enterprises.