BayFirst Financial Corp. (NASDAQ:BAFN) Short Interest Update

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

BayFirst Financial Stock Performance

Shares of BAFN opened at $6.81 on Friday. BayFirst Financial has a 1 year low of $5.72 and a 1 year high of $19.75. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.01 and a quick ratio of 0.88. The stock’s fifty day moving average price is $7.44 and its two-hundred day moving average price is $9.11. The firm has a market cap of $27.99 million, a PE ratio of -1.15 and a beta of 0.39.

BayFirst Financial (NASDAQ:BAFN) last announced its quarterly earnings data on Thursday, January 29th. The company reported ($0.69) earnings per share for the quarter. The firm had revenue of $11.05 million during the quarter. BayFirst Financial had a negative return on equity of 26.38% and a negative net margin of 20.99%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in BayFirst Financial stock. Salzhauer Michael boosted its holdings in BayFirst Financial Corp. (NASDAQ:BAFN) by 62.3% in the third quarter, according to its most recent 13F filing with the Securities and 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 approximately 1.67% of BayFirst Financial worth $720,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 16.88% of the company’s stock.

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.