Bogota Financial Corp. (NASDAQ:BSBK) Short Interest Update

Bogota Financial Corp. (NASDAQ:BSBK) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 10,300 shares, a drop of 23.7% from the October 31st total of 13,500 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 8,600 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bogota Financial stock. Geode Capital Management LLC lifted its position in Bogota Financial Corp. (NASDAQ:BSBK) by 17.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,904 shares of the company’s stock after purchasing an additional 7,385 shares during the quarter. Geode Capital Management LLC owned about 0.37% of Bogota Financial worth $406,000 as of its most recent SEC filing. Institutional investors own 11.63% of the company’s stock.

Bogota Financial Stock Performance

Shares of NASDAQ:BSBK traded up $0.12 during trading on Friday, hitting $8.13. The stock had a trading volume of 2,344 shares, compared to its average volume of 6,719. Bogota Financial has a 12-month low of $6.40 and a 12-month high of $8.66. The stock has a market capitalization of $106.26 million, a price-to-earnings ratio of -50.81 and a beta of 0.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The stock has a 50-day simple moving average of $8.14 and a two-hundred day simple moving average of $7.44.

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.