BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Down 73.2% in December

BayFirst Financial Corp. (NASDAQ:BAFN) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 4,833 shares, a drop of 73.2% from the November 30th total of 18,060 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 7,562 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 7,562 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

BayFirst Financial Trading Down 0.1%

NASDAQ BAFN traded down $0.01 during trading hours on Friday, hitting $7.80. 6,252 shares of the company were exchanged, compared to its average volume of 5,573. The company has a quick ratio of 0.88, a current ratio of 1.01 and a debt-to-equity ratio of 0.78. BayFirst Financial has a 52 week low of $6.40 and a 52 week high of $19.75. The stock has a market cap of $32.06 million, a PE ratio of -2.51 and a beta of 0.39. The stock has a 50-day moving average price of $8.33 and a 200 day moving average price of $10.44.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of BayFirst Financial in a research note on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BayFirst Financial stock. Salzhauer Michael increased its stake in BayFirst Financial Corp. (NASDAQ:BAFN) by 62.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period. 16.88% of the stock is owned by institutional investors and hedge funds.

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.