Bogota Financial Corp. (NASDAQ:BSBK) Short Interest Up 48.9% in October

Bogota Financial Corp. (NASDAQ:BSBK) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 19,800 shares, an increase of 48.9% from the September 30th total of 13,300 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 8,500 shares, the short-interest ratio is presently 2.3 days.

Bogota Financial Trading Up 0.7 %

NASDAQ:BSBK traded up $0.05 during trading hours on Friday, hitting $8.10. 2,964 shares of the company were exchanged, compared to its average volume of 6,850. The stock has a market capitalization of $107.37 million, a price-to-earnings ratio of -162.00 and a beta of 0.53. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. Bogota Financial has a one year low of $6.40 and a one year high of $8.66. The company has a fifty day simple moving average of $7.79 and a 200 day simple moving average of $7.20.

Bogota Financial (NASDAQ:BSBK) last announced its earnings results on Wednesday, July 31st. The company reported ($0.03) earnings per share (EPS) for the quarter. Bogota Financial had a negative return on equity of 1.52% and a negative net margin of 5.13%. The company had revenue of $3.05 million for the quarter.

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.