Short Interest in Bogota Financial Corp. (NASDAQ:BSBK) Declines By 48.1%

Bogota Financial Corp. (NASDAQ:BSBK) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 8,400 shares, a decline of 48.1% from the December 15th total of 16,200 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is presently 1.3 days.

Bogota Financial Price Performance

Bogota Financial stock traded up $0.11 during midday trading on Tuesday, reaching $7.96. 3,098 shares of the stock were exchanged, compared to its average volume of 4,737. The firm has a market cap of $104.08 million, a PE ratio of -49.75 and a beta of 0.54. Bogota Financial has a 52 week low of $6.40 and a 52 week high of $8.66. The company’s fifty day moving average is $7.93 and its 200-day moving average is $7.68. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08.

Hedge Funds Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Geode Capital Management LLC lifted its holdings in shares of Bogota Financial Corp. (NASDAQ:BSBK) by 17.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,904 shares of the company’s stock after purchasing an additional 7,385 shares during the quarter. Geode Capital Management LLC owned 0.37% of Bogota Financial worth $406,000 at the end of the most recent quarter. 11.63% of the stock is owned by institutional investors.

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.