Bogota Financial Corp. (NASDAQ:BSBK) Short Interest Up 108.5% in April

Bogota Financial Corp. (NASDAQ:BSBK) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 19,600 shares, a growth of 108.5% from the March 31st total of 9,400 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 5,800 shares, the short-interest ratio is currently 3.4 days.

Bogota Financial Stock Performance

NASDAQ BSBK traded up $0.14 during trading hours on Friday, reaching $6.90. The company’s stock had a trading volume of 2,252 shares, compared to its average volume of 10,711. The business has a 50-day simple moving average of $7.18 and a 200 day simple moving average of $7.45. The stock has a market cap of $91.43 million, a PE ratio of 115.02 and a beta of 0.52. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.95. Bogota Financial has a 52 week low of $6.46 and a 52 week high of $9.02.

Bogota Financial (NASDAQ:BSBK) last released its quarterly earnings results on Tuesday, February 6th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $3.22 million for the quarter. Bogota Financial had a net margin of 1.67% and a return on equity of 0.47%.

Wall Street Analyst Weigh In

Separately, TheStreet cut shares of Bogota Financial from a “c” rating to a “d+” rating in a report on Tuesday, February 6th.

About Bogota Financial

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.