Short Interest in Bogota Financial Corporation (NASDAQ:BSBK) Increases By 105.5%

Bogota Financial Corporation (NASDAQ:BSBK) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 14,319 shares, a growth of 105.5% from the January 15th total of 6,967 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,869 shares, the days-to-cover ratio is currently 7.7 days. Based on an average daily volume of 1,869 shares, the days-to-cover ratio is currently 7.7 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bogota Financial stock. Renaissance Technologies LLC increased its holdings in shares of Bogota Financial Corporation (NASDAQ:BSBK) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,551 shares of the company’s stock after purchasing an additional 1,700 shares during the period. Renaissance Technologies LLC owned approximately 0.24% of Bogota Financial worth $258,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 11.63% of the company’s stock.

Bogota Financial Stock Up 0.1%

Shares of NASDAQ BSBK opened at $8.55 on Friday. The company’s 50 day moving average price is $8.42 and its 200-day moving average price is $8.68. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03. Bogota Financial has a 52-week low of $6.59 and a 52-week high of $9.50. The company has a market capitalization of $110.83 million, a P/E ratio of 170.93 and a beta of 0.21.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Bogota Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Bogota Financial Company Profile

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.