Short Interest in Bogota Financial Corp. (NASDAQ:BSBK) Decreases By 47.1%

Bogota Financial Corp. (NASDAQ:BSBK) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 9,200 shares, a drop of 47.1% from the June 30th total of 17,400 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is presently 1.5 days.

Bogota Financial Price Performance

BSBK opened at $7.37 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.05 and a quick ratio of 1.05. Bogota Financial has a 1 year low of $6.40 and a 1 year high of $8.75. The stock’s 50 day simple moving average is $6.86 and its 200 day simple moving average is $7.22. The firm has a market cap of $97.73 million, a price-to-earnings ratio of -147.37 and a beta of 0.52.

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