Binah Capital Group, Inc. (NASDAQ:BCG) Sees Large Decline in Short Interest

Binah Capital Group, Inc. (NASDAQ:BCG) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 27,700 shares, a decrease of 16.1% from the August 31st total of 33,000 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 26,400 shares, the short-interest ratio is currently 1.0 days.

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) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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. 4.97% of the stock is currently owned by hedge funds and other institutional investors.

Binah Capital Group Price Performance

Shares of NASDAQ BCG traded down $0.15 during mid-day trading on Monday, reaching $3.02. The company had a trading volume of 4,658 shares, compared to its average volume of 192,941. The stock has a 50 day simple moving average of $3.52. Binah Capital Group has a 52-week low of $2.60 and a 52-week high of $16.61.

Binah Capital Group (NASDAQ:BCG) last posted its earnings results on Thursday, August 15th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $40.65 million during the quarter.

Binah Capital Group Company Profile

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.