Broadway Financial Co. (NASDAQ:BYFC) Short Interest Down 54.4% in September

Broadway Financial Co. (NASDAQ:BYFC) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 6,800 shares, a decrease of 54.4% from the August 31st total of 14,900 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 12,100 shares, the days-to-cover ratio is currently 0.6 days.

Broadway Financial Stock Up 0.5 %

Shares of NASDAQ BYFC traded up $0.03 during trading hours on Friday, hitting $6.15. 11,919 shares of the stock were exchanged, compared to its average volume of 8,423. The company has a quick ratio of 0.13, a current ratio of 1.34 and a debt-to-equity ratio of 2.33. Broadway Financial has a 12 month low of $4.41 and a 12 month high of $7.98. The company has a market cap of $56.16 million, a PE ratio of 20.50 and a beta of 0.73. The firm has a fifty day moving average price of $6.18 and a 200-day moving average price of $5.52.

Broadway Financial (NASDAQ:BYFC) last posted its earnings results on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share for the quarter. The firm had revenue of $8.19 million during the quarter. Broadway Financial had a net margin of 4.66% and a return on equity of 2.15%.

Hedge Funds Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 46.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,128 shares of the savings and loans company’s stock after purchasing an additional 11,409 shares during the quarter. Wittenberg Investment Management Inc. owned about 0.39% of Broadway Financial worth $199,000 as of its most recent filing with the Securities and Exchange Commission. 12.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Broadway Financial in a report on Saturday. They issued a “sell” rating for the company.

Broadway Financial Company Profile

Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. It accepts various deposit accounts, including savings accounts, checking accounts, interest checking accounts, money market accounts, and fixed-term certificates of deposit.