Short Interest in Broadway Financial Co. (NASDAQ:BYFC) Expands By 14.6%

Broadway Financial Co. (NASDAQ:BYFC) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 5,500 shares, an increase of 14.6% from the December 31st total of 4,800 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is presently 0.7 days.

Broadway Financial Stock Up 0.1 %

NASDAQ:BYFC opened at $7.71 on Monday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.14 and a current ratio of 1.38. Broadway Financial has a fifty-two week low of $4.41 and a fifty-two week high of $9.46. The firm has a market cap of $70.25 million, a P/E ratio of 192.80 and a beta of 0.72. The firm has a 50-day simple moving average of $7.37 and a two-hundred day simple moving average of $6.75.

Broadway Financial (NASDAQ:BYFC) last issued its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.06 earnings per share for the quarter. Broadway Financial had a net margin of 3.02% and a return on equity of 1.44%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its position in Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,117 shares of the savings and loans company’s stock after purchasing an additional 5,566 shares during the quarter. Wittenberg Investment Management Inc. owned about 0.56% of Broadway Financial worth $329,000 at the end of the most recent reporting period. 12.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Broadway Financial in a research note on Monday. They set a “sell” rating on the stock.

About Broadway Financial

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.