Short Interest in BayFirst Financial Corp. (NASDAQ:BAFN) Decreases By 16.3%

BayFirst Financial Corp. (NASDAQ:BAFN) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 7,200 shares, a decline of 16.3% from the December 31st total of 8,600 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is currently 1.2 days.

BayFirst Financial Stock Down 0.1 %

BAFN stock traded down $0.02 on Thursday, hitting $15.30. 2,349 shares of the company’s stock were exchanged, compared to its average volume of 5,734. The firm has a 50 day moving average price of $13.58 and a two-hundred day moving average price of $13.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.98. BayFirst Financial has a 12-month low of $10.40 and a 12-month high of $17.50. The stock has a market cap of $63.19 million, a P/E ratio of 20.96 and a beta of 0.40.

BayFirst Financial (NASDAQ:BAFN) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.11 earnings per share (EPS) for the quarter. BayFirst Financial had a net margin of 3.38% and a return on equity of 5.34%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BayFirst Financial stock. Geode Capital Management LLC boosted its holdings in shares of BayFirst Financial Corp. (NASDAQ:BAFN) by 7.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,101 shares of the company’s stock after buying an additional 2,490 shares during the quarter. Geode Capital Management LLC owned 0.87% of BayFirst Financial worth $475,000 at the end of the most recent reporting period. 16.88% of the stock is currently owned by institutional investors and hedge funds.

About BayFirst Financial

BayFirst Financial Corp. operates as the bank holding company for BayFirst National Bank that provides community banking services for businesses and individuals. The company offers checking, savings, NOW, and money market deposit accounts, as well as certificates of deposit and individual retirement account; and safety deposit boxes.