BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Up 171.3% in January

BayFirst Financial Corp. (NASDAQ:BAFN) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 12,541 shares, an increase of 171.3% from the December 31st total of 4,623 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 11,338 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 11,338 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.4% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BayFirst Financial in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On BayFirst Financial

An institutional investor recently raised its position in BayFirst Financial stock. Salzhauer Michael increased its holdings in BayFirst Financial Corp. (NASDAQ:BAFN) by 62.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,876 shares of the company’s stock after buying an additional 26,445 shares during the period. Salzhauer Michael owned about 1.67% of BayFirst Financial worth $720,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 16.88% of the company’s stock.

BayFirst Financial Stock Performance

NASDAQ:BAFN opened at $6.80 on Thursday. BayFirst Financial has a 12-month low of $5.72 and a 12-month high of $19.75. The stock has a 50-day moving average price of $7.49 and a 200 day moving average price of $9.18. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $27.95 million, a P/E ratio of -2.19 and a beta of 0.39.

BayFirst Financial (NASDAQ:BAFN) last released its quarterly earnings data on Thursday, October 30th. The company reported ($4.66) earnings per share (EPS) for the quarter. The firm had revenue of $10.23 million during the quarter. BayFirst Financial had a negative return on equity of 12.02% and a negative net margin of 8.08%.

About BayFirst Financial

BayFirst Financial Corp (NASDAQ: BAFN) is the bank holding company for BayFirst National Bank, which operates as a Florida-chartered community bank. The company provides a range of commercial banking services, catering to both business and individual customers in the Tampa Bay region. BayFirst Financial emphasizes relationship-driven banking, offering personalized solutions tailored to the needs of local clients.

The company’s product suite includes deposit accounts such as checking, savings, money market accounts and certificates of deposit.