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

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

Bank of the James Financial Group Shares Rise by 4.0%

On a recent trading day, shares of BOTJ saw a rise of $0.54, bringing their price to $14.00. The trading volume reached 13,041 shares, which is higher than the average volume of 7,661 shares. The company boasts a market capitalization of $63.98 million, a price-to-earnings (PE) ratio of 7.61, and a beta value of 0.79. Over the past year, the stock hit a low of $9.65 and a high of $17.05. The fifty-day moving average for the stock price is $14.84, while the two-hundred-day moving average is $13.73.

Bank of the James Financial Group recently disclosed its quarterly earnings on October 25th, where it reported earnings per share (EPS) of $0.44. The company recorded revenue of $11.33 million for the quarter, with a net margin of 14.46% and a return on equity of 13.36%.

Changes in Institutional Holdings

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% during the third quarter, now holding 19,642 shares valued at approximately $270,000 after acquiring an additional 938 shares. Dimensional Fund Advisors LP also expanded its holdings by 46.8% in the second quarter, owning 26,852 shares currently valued at $302,000 following the purchase of an extra 8,556 shares. Inspire Investing LLC took a new position in the company worth about $1,018,000 in the third quarter. Additionally, Fourthstone LLC raised its stake in Bank of the James Financial Group by 27.7%, owning 93,119 shares valued at around $1,279,000 after buying an additional 20,191 shares. Institutional investors and hedge funds hold a total of 18.50% of the stock.

About Bank of the James Financial Group

Bank of the James Financial Group, Inc. operates as the bank holding company for Bank of the James, which provides a range of retail and commercial banking services to individuals, businesses, associations, organizations, and governmental entities throughout Virginia, USA. The bank offers various accounts including checking, savings, individual retirement, and health care saving accounts, in addition to other time deposits like money market accounts and certificates of deposit.

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