Blue Foundry Bancorp (NASDAQ:BLFY) Sees Large Increase in Short Interest

Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 467,164 shares, a growth of 35.1% from the December 15th total of 345,698 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 286,751 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily trading volume, of 286,751 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.4% of the shares of the stock are sold short.Get Blue Foundry Bancorp alerts:Blue Foundry Bancorp Stock PerformanceNASDAQ:BLFY opened at $12.75 on Friday. The stock's fifty day moving average is $11.47 and its 200 day moving average is $9.87. Blue Foundry Bancorp has a fifty-two week low of $7.61 and a fifty-two week high of $13.13. The firm has a market capitalization of $264.69 million, a PE ratio of -27.72 and a beta of 0.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.17 and a current ratio of 1.17. Blue Foundry Bancorp (NASDAQ:BLFY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). Blue Foundry Bancorp had a negative net margin of 9.82% and a negative return on equity of 2.84%. The company had revenue of $12.61 million during the quarter, compared to analyst estimates of $12.35 million. On average, sell-side analysts anticipate that Blue Foundry Bancorp will post -0.47 earnings per share for the current year. Wall Street Analyst Weigh InBLFY has been the topic of several recent research reports. Wall Street Zen raised Blue Foundry Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Blue Foundry Bancorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Blue Foundry Bancorp currently has an average rating of "Reduce" and a consensus target price of $10.00.Read Our Latest Research Report on Blue Foundry BancorpInstitutional Trading of Blue Foundry BancorpA number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of Blue Foundry Bancorp by 16.6% during the third quarter. PNC Financial Services Group Inc. now owns 11,452 shares of the company's stock valued at $104,000 after buying an additional 1,628 shares during the period. Cerity Partners LLC lifted its stake in shares of Blue Foundry Bancorp by 7.1% during the 2nd quarter. Cerity Partners LLC now owns 24,621 shares of the company's stock worth $236,000 after acquiring an additional 1,628 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Blue Foundry Bancorp by 72.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,066 shares of the company's stock valued at $37,000 after acquiring an additional 1,713 shares during the period. Geode Capital Management LLC grew its position in Blue Foundry Bancorp by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 431,677 shares of the company's stock valued at $4,132,000 after acquiring an additional 1,780 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Blue Foundry Bancorp by 181.2% in the third quarter. Versant Capital Management Inc now owns 3,074 shares of the company's stock worth $28,000 after purchasing an additional 1,981 shares during the period. 56.52% of the stock is owned by hedge funds and other institutional investors. Blue Foundry Bancorp Company Profile (Get Free Report)Blue Foundry Bancorp, Inc NASDAQ: BLFY is a bank holding company headquartered in Paramus, New Jersey, serving the Greater New York metropolitan area. Through its wholly owned subsidiary, Blue Foundry Bank, the company offers a full suite of deposit products, including personal and business checking and savings accounts, certificates of deposit, and a robust online and mobile banking platform. In addition to deposit accounts, Blue Foundry Bancorp provides a range of lending solutions designed for both individual and commercial clients.Read MoreFive stocks we like better than Blue Foundry BancorpElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest Yet“Fed Proof” Your Bank Account with THESE 4 Simple StepsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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