Short Interest in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Sees 20.4% Rise

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) experienced a notable increase in short interest during December. As of December 31st, the short interest stood at 5,900 shares, marking a rise of 20.4% compared to the 4,900 shares reported on December 15th. With an average daily trading volume of 7,300 shares, the current short-interest ratio is 0.8 days. Presently, 0.2% of the company's stock is sold short.

Recent Trading Performance

On Friday, shares of BOTJ rose by $0.54, reaching $14.00. The trading volume for the day was 13,041 shares, surpassing its average volume of 7,661 shares. Bank of the James Financial Group has a market capitalization of $63.98 million and displays a price-to-earnings (P/E) ratio of 7.61, along with a beta of 0.79. Over the past year, the stock has seen a low of $9.65 and a high of $17.05. The fifty-day moving average price stands at $14.84, while the two-hundred-day moving average is $13.73.

Financial Results

Bank of the James Financial Group last reported its quarterly earnings on October 25th. The company announced earnings per share (EPS) of $0.44 for the quarter, with revenues totaling $11.33 million. The firm achieved a net margin of 14.46% and a return on equity of 13.36%.

Institutional Activity

Several institutional investors have recently adjusted their positions in BOTJ. Empowered Funds LLC increased its stake by 5.0% during the third quarter, owning 19,642 shares after buying an additional 938 shares. Dimensional Fund Advisors LP boosted its holdings by 46.8% in the second quarter, now holding 26,852 shares after adding 8,556 shares. Inspire Investing LLC also established a new position valued at $1,018,000 in the third quarter. Additionally, Fourthstone LLC enhanced its investment by 27.7%, now owning 93,119 shares worth $1,279,000 after acquiring 20,191 shares in the last quarter. Institutional investors and hedge funds collectively hold 18.50% of the stock.

About the Company

Bank of the James Financial Group, Inc. operates as the holding company for Bank of the James, providing a range of retail and commercial banking services in Virginia, USA. Its offerings include checking and savings accounts, retirement accounts, and various time deposits such as money market accounts and certificates of deposit.

Finance, Stocks, Interest