Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Down 53.6% in July

Bogota Financial Corporation (NASDAQ:BSBK) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 7,308 shares, a decrease of 53.6% from the June 30th total of 15,765 shares. Based on an average daily trading volume, of 6,617 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.1% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Bogota Financial in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Bogota Financial Stock Down 0.8%

Shares of BSBK stock traded down $0.07 on Wednesday, reaching $8.92. 5,824 shares of the company were exchanged, compared to its average volume of 9,119. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50-day moving average of $8.92 and a 200-day moving average of $8.63. The company has a market cap of $114.63 million, a price-to-earnings ratio of 52.48 and a beta of 0.14. Bogota Financial has a one year low of $8.10 and a one year high of $9.50.

Bogota Financial (NASDAQ:BSBK) last issued its earnings results on Wednesday, May 6th. The company reported $0.06 EPS for the quarter. Bogota Financial had a return on equity of 1.47% and a net margin of 4.72%.The business had revenue of $4.75 million during the quarter.

Institutional Investors Weigh In On Bogota Financial

A hedge fund recently raised its position in Bogota Financial stock. Renaissance Technologies LLC lifted its position in shares of Bogota Financial Corporation (NASDAQ:BSBK) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,551 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Renaissance Technologies LLC owned 0.24% of Bogota Financial worth $258,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.63% of the company’s stock.

About Bogota Financial

Bogota Financial Corp (NASDAQ: BSBK) is the bank holding company for Bogota Savings Bank, a New Jersey-chartered savings institution headquartered in Bogota, New Jersey. As a community-focused financial services provider, the company offers a range of deposit, lending and cash management solutions tailored to individuals, small businesses and commercial clients in Bergen County and surrounding areas.

The company’s deposit portfolio includes checking and savings accounts, money market deposit accounts, certificates of deposit and individual retirement accounts.