Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Update

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 29,200 shares, a decline of 11.5% from the October 15th total of 33,000 shares. Based on an average trading volume of 397,600 shares, the short-interest ratio is currently 0.1 days. Currently, 0.6% of the shares of the company are sold short.

Binah Capital Group Trading Down 15.5 %

BCG opened at $2.95 on Tuesday. The company’s 50-day moving average price is $2.68 and its two-hundred day moving average price is $4.36. Binah Capital Group has a twelve month low of $1.85 and a twelve month high of $16.61.

Hedge Funds Weigh In On Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. Privium Fund Management B.V. acquired a new stake in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,744 shares of the company’s stock, valued at approximately $315,000. Privium Fund Management B.V. owned about 0.31% of Binah Capital Group as of its most recent SEC filing. Institutional investors own 4.97% of the company’s stock.

About Binah Capital Group

Binah Capital Group, Inc, together with its subsidiaries, operates in the wealth management industry. The company provides access to stock, bond, exchange-traded fund, and options execution services; and research, compliance, supervision, and accounting and related services for financial advisors. It also offers mutual funds and insurance products, as well as alternative investments, such as non-traded real estate investment trusts, unit trusts, and fixed and variable annuities.