Bogota Financial Corp. (NASDAQ:BSBK) Sees Significant Decrease in Short Interest

Bogota Financial Corp. (NASDAQ:BSBK) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 9,400 shares, a drop of 44.4% from the May 31st total of 16,900 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is currently 1.3 days.

Bogota Financial Trading Up 0.6 %

Shares of NASDAQ:BSBK traded up $0.04 during midday trading on Friday, reaching $6.73. The company had a trading volume of 830 shares, compared to its average volume of 6,026. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.05 and a current ratio of 1.05. Bogota Financial has a 1-year low of $6.40 and a 1-year high of $8.75. The firm has a market cap of $89.24 million, a price-to-earnings ratio of -134.57 and a beta of 0.52. The company has a fifty day simple moving average of $6.75 and a two-hundred day simple moving average of $7.34.

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

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.