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

Broadway Financial Co. (NASDAQ:BYFC) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 6,000 shares, a growth of 50.0% from the September 30th total of 4,000 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 8,200 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Broadway Financial in a report on Tuesday, October 22nd. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Vanguard Group Inc. boosted its position in Broadway Financial Co. (NASDAQ:BYFC) by 6.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 346,020 shares of the savings and loans company’s stock after purchasing an additional 19,918 shares during the period. Vanguard Group Inc. owned approximately 3.73% of Broadway Financial worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 12.12% of the stock is currently owned by institutional investors and hedge funds.

Broadway Financial Stock Performance

Shares of NASDAQ BYFC traded down $0.01 during midday trading on Friday, hitting $6.59. 17,879 shares of the company’s stock traded hands, compared to its average volume of 8,646. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.13 and a current ratio of 1.34. The stock has a market capitalization of $60.17 million, a price-to-earnings ratio of 21.97 and a beta of 0.72. The firm has a fifty day moving average of $6.73 and a 200 day moving average of $5.64. Broadway Financial has a 1 year low of $4.41 and a 1 year high of $7.99.

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

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.