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

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 29,900 shares, a growth of 7.9% from the September 15th total of 27,700 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 25,400 shares, the short-interest ratio is currently 1.2 days.

Binah Capital Group Stock Up 1.6 %

Binah Capital Group stock opened at $2.58 on Thursday. Binah Capital Group has a 52-week low of $2.40 and a 52-week high of $16.61. The company has a fifty day simple moving average of $3.09 and a 200-day simple moving average of $5.18.

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

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. purchased a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,744 shares of the company’s stock, valued at approximately $315,000. Privium Fund Management B.V. owned approximately 0.31% of Binah Capital Group as of its most recent filing with the Securities & Exchange Commission. 4.97% of the stock is currently owned by institutional investors and hedge funds.

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.