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

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Broadway Financial Corp (NASDAQ:BYFC) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 25,800 shares, a drop of 14.0% from the July 31st total of 30,000 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 59,500 shares, the days-to-cover ratio is presently 0.4 days.

Shares of Broadway Financial stock traded down $0.08 on Friday, hitting $1.66. 300 shares of the company’s stock were exchanged, compared to its average volume of 8,174. The company has a 50-day simple moving average of $1.85 and a 200-day simple moving average of $1.52. The stock has a market capitalization of $48.21 million, a PE ratio of 57.67 and a beta of 1.27. Broadway Financial has a 1 year low of $0.95 and a 1 year high of $2.03. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.25 and a current ratio of 1.34.

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

Separately, ValuEngine cut shares of Broadway Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th.

Broadway Financial Company Profile

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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