Short Interest in Bogota Financial Corp. (NASDAQ:BSBK) Rises By 48.9%

Bogota Financial Corp. (NASDAQ:BSBK) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 19,800 shares, a growth of 48.9% from the September 30th total of 13,300 shares. Based on an average daily volume of 8,500 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.5% of the shares of the company are short sold.

Bogota Financial Price Performance

Shares of BSBK opened at $7.95 on Tuesday. The firm has a fifty day simple moving average of $7.81 and a two-hundred day simple moving average of $7.22. The firm has a market cap of $105.39 million, a PE ratio of -159.00 and a beta of 0.53. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. Bogota Financial has a 1-year low of $6.40 and a 1-year high of $8.66.

Bogota Financial (NASDAQ:BSBK) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.03) EPS for the quarter. The firm had revenue of $3.05 million for the quarter. Bogota Financial had a negative net margin of 5.13% and a negative return on equity of 1.52%.

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.