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

Broadway Financial Co. (NASDAQ:BYFC) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 5,500 shares, a growth of 14.6% from the December 31st total of 4,800 shares. Based on an average daily trading volume, of 7,800 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Broadway Financial

A hedge fund recently raised its stake in Broadway Financial stock. Wittenberg Investment Management Inc. lifted its stake in shares of Broadway Financial Co. (NASDAQ:BYFC) by 12.2% during the 3rd quarter, according to its most recent 13F filing 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 0.56% of Broadway Financial worth $329,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 12.12% of the company’s stock.

Broadway Financial Price Performance

Shares of NASDAQ:BYFC opened at $7.71 on Monday. The firm has a 50 day moving average of $7.37 and a 200-day moving average of $6.75. The stock has a market capitalization of $70.25 million, a PE ratio of 192.80 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 has a 12 month low of $4.41 and a 12 month high of $9.46.

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

Analysts Set New Price Targets

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

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.