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

Binah Capital Group, Inc. (NASDAQ:BCG) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 33,000 shares, a growth of 10.4% from the September 30th total of 29,900 shares. Based on an average trading volume of 25,900 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Investors Weigh In On Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. Privium Fund Management B.V. bought a new position in Binah Capital Group, Inc. (NASDAQ:BCG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 filing with the Securities and Exchange Commission. 4.97% of the stock is owned by institutional investors.

Binah Capital Group Price Performance

BCG traded up $0.15 during trading hours on Thursday, reaching $2.31. 1,352 shares of the stock traded hands, compared to its average volume of 164,863. Binah Capital Group has a fifty-two week low of $1.85 and a fifty-two week high of $16.61. The firm’s fifty day simple moving average is $2.86 and its two-hundred day simple moving average is $4.76.

Binah Capital Group (NASDAQ:BCG) last announced 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.