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

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) experienced a notable increase in short interest during December. By the end of December 31st, the total number of shorted shares reached 5,900, which marks a 20.4% rise from the 4,900 shares reported on December 15th. Given the average daily trading volume of 7,300 shares, the current short-interest ratio is 0.8 days. At present, only 0.2% of the company's total stock is sold short.

Bank of the James Financial Group Stock Performance

In trading on Friday, shares of BOTJ climbed by $0.54, reaching $14.00. The trading volume for the day was 13,041 shares, significantly higher than the average volume of 7,661 shares. The company's market capitalization stands at $63.98 million, with a price-to-earnings (PE) ratio of 7.61 and a beta of 0.79. Over the past year, Bank of the James Financial Group has seen a low of $9.65 and a high of $17.05. Its fifty-day moving average price is currently $14.84, while the two-hundred-day moving average stands at $13.73.

Recent Earnings Results

The financial institution recently announced its quarterly earnings on October 25th. The company reported earnings per share (EPS) of $0.44, with total revenue of $11.33 million. Additionally, Bank of the James Financial Group achieved a net margin of 14.46% and a return on equity of 13.36%.

Institutional Ownership Trends

Several hedge funds have adjusted their positions in BOTJ recently. Empowered Funds LLC increased its stake in Bank of the James Financial Group by 5.0% in the third quarter, now holding 19,642 shares worth $270,000 after acquiring an additional 938 shares. Dimensional Fund Advisors LP also expanded its holdings in Bank of the James Financial Group by 46.8% in the second quarter, currently owning 26,852 shares valued at $302,000 after adding 8,556 shares. Additionally, Inspire Investing LLC established a new position in the third quarter valued at $1,018,000, while Fourthstone LLC raised its stake by 27.7%, owning 93,119 shares worth $1,279,000 after acquiring an extra 20,191 shares in the last quarter. Institutional investors and hedge funds collectively own 18.50% of the company's stock.

About Bank of the James Financial Group

Bank of the James Financial Group, Inc acts as the holding company for Bank of the James, providing a variety of retail and commercial banking services to individuals, businesses, organizations, and government authorities throughout Virginia, USA. Its services include checking and savings accounts, retirement accounts, health savings accounts, and other types of time deposits like money market accounts and certificates of deposit.

Future Considerations

As investors evaluate their options, some may question if this is the right time to invest in Bank of the James Financial Group. While it currently holds a "Hold" rating among analysts, there are suggestions that some top performers may present better opportunities. Hence, due diligence is recommended for those considering investing in BOTJ.

stocks, banking, investment