Broadway Financial Co. (NASDAQ:BYFC) Sees Large Decrease in Short Interest

Broadway Financial Co. (NASDAQ:BYFC) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 4,900 shares, a decline of 30.0% from the November 15th total of 7,000 shares. Based on an average trading volume of 8,500 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Broadway Financial in a research report on Monday. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. boosted its holdings in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,117 shares of the savings and loans company’s stock after buying an additional 5,566 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 12.12% of the company’s stock.

Broadway Financial Stock Up 2.7 %

Shares of BYFC traded up $0.19 during trading hours on Friday, hitting $7.22. The company had a trading volume of 6,973 shares, compared to its average volume of 8,454. The company’s fifty day moving average price is $6.89 and its two-hundred day moving average price is $6.15. Broadway Financial has a one year low of $4.41 and a one year high of $7.99. The company has a market capitalization of $65.77 million, a PE ratio of 24.90 and a beta of 0.72. The company has a current ratio of 1.38, a quick ratio of 0.14 and a debt-to-equity ratio of 2.26.

Broadway Financial (NASDAQ:BYFC) last announced its earnings results on Tuesday, October 29th. The savings and loans company reported ($0.03) earnings per share (EPS) for the quarter. Broadway Financial had a net margin of 5.01% and a return on equity of 2.43%. The business had revenue of $8.75 million for the quarter.

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.