Bogota Financial Corp. (NASDAQ:BSBK) Sees Large Drop in Short Interest

Bogota Financial Corp. (NASDAQ:BSBK) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 13,500 shares, a decline of 31.8% from the October 15th total of 19,800 shares. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is presently 1.5 days. Approximately 0.3% of the shares of the company are short sold.

Bogota Financial Stock Performance

Shares of NASDAQ BSBK traded down $0.03 during midday trading on Thursday, reaching $8.05. The company’s stock had a trading volume of 5,480 shares, compared to its average volume of 6,766. Bogota Financial has a 12-month low of $6.40 and a 12-month high of $8.66. The firm has a 50 day moving average price of $7.99 and a 200-day moving average price of $7.33. The stock has a market capitalization of $105.62 million, a P/E ratio of -51.44 and a beta of 0.53. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.03 and a quick ratio of 1.03.

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.