Broadway Financial Co. (NASDAQ:BYFC) Short Interest Down 54.4% in September

Broadway Financial Co. (NASDAQ:BYFC) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 6,800 shares, a decline of 54.4% from the August 31st total of 14,900 shares. Based on an average trading volume of 12,100 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

Broadway Financial Price Performance

Shares of NASDAQ BYFC traded up $0.10 during mid-day trading on Thursday, reaching $6.34. The company had a trading volume of 626 shares, compared to its average volume of 8,363. Broadway Financial has a 1-year low of $4.41 and a 1-year high of $8.24. The stock has a market cap of $57.89 million, a PE ratio of 21.13 and a beta of 0.73. The company has a current ratio of 1.34, a quick ratio of 0.13 and a debt-to-equity ratio of 2.33. The company has a 50-day moving average price of $6.13 and a two-hundred day moving average price of $5.51.

Broadway Financial (NASDAQ:BYFC) last posted its quarterly earnings data on Tuesday, July 30th. The savings and loans company reported $0.03 earnings per share (EPS) for the quarter. Broadway Financial had a return on equity of 2.15% and a net margin of 4.66%. The firm had revenue of $8.19 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Broadway Financial in a report on Friday, September 20th. They issued a “sell” rating for the company.

Institutional Investors Weigh In On Broadway Financial

An institutional investor recently raised its position in Broadway Financial stock. Wittenberg Investment Management Inc. grew its position in Broadway Financial Co. (NASDAQ:BYFC) by 46.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,128 shares of the savings and loans company’s stock after purchasing an additional 11,409 shares during the period. Wittenberg Investment Management Inc. owned about 0.39% of Broadway Financial worth $199,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 12.12% of the company’s 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.