Bogota Financial Corp. (NASDAQ:BSBK) Sees Large Decline in Short Interest

Bogota Financial Corp. (NASDAQ:BSBK) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totalling 9,200 shares, a decline of 47.1% from the June 30th total of 17,400 shares. Based on an average daily volume of 6,000 shares, the short-interest ratio is currently 1.5 days. Approximately 0.2% of the shares of the stock are sold short.

Bogota Financial Price Performance

NASDAQ BSBK traded up $0.11 on Friday, hitting $7.48. 4,131 shares of the company’s stock were exchanged, compared to its average volume of 4,771. Bogota Financial has a 52 week low of $6.40 and a 52 week high of $8.75. The stock has a 50-day moving average of $6.88 and a 200-day moving average of $7.21. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.89. The stock has a market cap of $99.18 million, a price-to-earnings ratio of -149.57 and a beta of 0.52.

Bogota Financial (NASDAQ:BSBK) last released its quarterly earnings data on Tuesday, April 30th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $2.95 million for the quarter. Bogota Financial had a negative return on equity of 0.57% and a negative net margin of 2.00%.

Bogota Financial Company Profile

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.