Broadway Financial Co. (NASDAQ:BYFC) Short Interest Update

Broadway Financial Co. (NASDAQ:BYFC) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 5,500 shares, a growth of 14.6% from the December 15th total of 4,800 shares. Based on an average daily volume of 7,800 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.

Broadway Financial Price Performance

NASDAQ BYFC traded down $0.87 on Friday, hitting $8.07. 9,767 shares of the company were exchanged, compared to its average volume of 4,996. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26. The company has a market cap of $73.47 million, a P/E ratio of 27.81 and a beta of 0.72. Broadway Financial has a 1-year low of $4.41 and a 1-year high of $9.46. The firm has a 50 day moving average of $7.20 and a two-hundred day moving average of $6.54.

Broadway Financial (NASDAQ:BYFC) last announced its earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $8.75 million for the quarter. Broadway Financial had a return on equity of 2.43% and a net margin of 5.01%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its position in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,117 shares of the savings and loans company’s stock after acquiring an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned 0.56% of Broadway Financial worth $329,000 at the end of the most recent quarter. 12.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Broadway Financial in a research note on Saturday. They issued a “sell” rating on the stock.

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.