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

Broadway Financial Corp (NASDAQ:BYFC) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 11,300 shares, a drop of 51.3% from the August 30th total of 23,200 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 11,700 shares, the short-interest ratio is presently 1.0 days.

Shares of BYFC opened at $1.66 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.34 and a quick ratio of 1.25. The stock has a 50-day moving average of $1.66 and a 200-day moving average of $1.55. The company has a market cap of $42.08 million, a PE ratio of 50.33 and a beta of 1.31. Broadway Financial has a one year low of $0.95 and a one year high of $2.03.

Broadway Financial (NASDAQ:BYFC) last released its quarterly earnings results on Wednesday, August 7th. The savings and loans company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $2.60 million for the quarter. Broadway Financial had a net margin of 6.72% and a return on equity of 1.98%.

Separately, ValuEngine downgraded Broadway Financial from a “sell” rating to a “strong sell” rating in a research note on Thursday.

About Broadway Financial

Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that engages in the savings and loan business in Southern California. It accepts various deposit products, such as savings accounts, checking accounts, NOW accounts, money market accounts, and fixed-term certificates of deposit.

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