Significant Increase in Short Interest for Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) experienced a noticeable rise in short interest during December. By December 31st, the total short interest reached 5,900 shares, marking a substantial increase of 20.4% from the 4,900 shares reported on December 15th. With an average daily trading volume of 7,300 shares, the current short-interest ratio stands at 0.8 days. As it stands, 0.2% of the company’s stock is sold short.

Market Performance of Bank of the James Financial Group

During trading hours on Friday, shares of BOTJ rose by $0.54, reaching a total price of $14.00. The trading volume was recorded at 13,041 shares, surpassing the average volume of 7,661 shares. Bank of the James Financial Group boasts a market capitalization of approximately $63.98 million. The company currently has a price-to-earnings (PE) ratio of 7.61 and a beta of 0.79, indicating lower volatility compared to the market. Over the past year, the stock has ranged from a low of $9.65 to a high of $17.05. The fifty-day moving average stands at $14.84, while the two-hundred day moving average is at $13.73.

On October 25th, Bank of the James Financial Group released its latest quarterly earnings report. In it, the financial services provider reported earnings of $0.44 per share. The company generated revenue of $11.33 million during this quarter, showcasing its financial health with a net margin of 14.46% and a return on equity of 13.36%.

Investments from Institutional Investors

Recent activity has shown that various hedge funds are adjusting their positions in BOTJ. For instance, 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 adding 938 shares. Dimensional Fund Advisors LP, on the other hand, ramped up its holdings by 46.8% in the second quarter, totaling 26,852 shares valued at $302,000 after acquiring an additional 8,556 shares. Furthermore, Inspire Investing LLC entered a new position valued at $1,018,000 in the third quarter, while Fourthstone LLC raised its stake by 27.7%, bringing its total to 93,119 shares worth approximately $1,279,000. Currently, about 18.50% of the stock is held by institutional investors and hedge funds.

Overview of Bank of the James Financial Group

Bank of the James Financial Group, Inc functions as the holding company for Bank of the James, delivering a range of retail and commercial banking services to individuals, businesses, associations, organizations, and government authorities within Virginia, USA. The services provided include checking accounts, savings accounts, individual retirement accounts, health care saving accounts, and various time deposits, such as money market accounts and certificates of deposit.

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