Bogota Financial Corp. (NASDAQ:BSBK – Get Free Report) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 10,300 shares, a drop of 23.7% from the October 31st total of 13,500 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.3% of the shares of the stock are sold short.
Bogota Financial Stock Up 1.5 %
BSBK stock traded up $0.12 during trading on Friday, hitting $8.13. 2,344 shares of the stock traded hands, compared to its average volume of 6,118. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. Bogota Financial has a one year low of $6.40 and a one year high of $8.66. The company has a 50 day simple moving average of $8.14 and a 200 day simple moving average of $7.44.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Bogota Financial stock. Geode Capital Management LLC raised its holdings in Bogota Financial Corp. (NASDAQ:BSBK – Free Report) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,904 shares of the company’s stock after purchasing an additional 7,385 shares during the quarter. Geode Capital Management LLC owned approximately 0.37% of Bogota Financial worth $406,000 as of its most recent SEC filing. 11.63% of the stock is currently 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.
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