Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Rises By 31.1%

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 24,000 shares, a growth of 31.1% from the November 30th total of 18,300 shares. Based on an average daily volume of 446,700 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Binah Capital Group stock. Privium Fund Management B.V. purchased a new stake in shares of 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 (SEC). The fund purchased 50,744 shares of the company’s stock, valued at approximately $315,000. Privium Fund Management B.V. owned 0.31% of Binah Capital Group as of its most recent filing with the Securities and Exchange Commission (SEC). 4.97% of the stock is owned by hedge funds and other institutional investors.

Binah Capital Group Stock Performance

BCG stock traded down $0.15 during midday trading on Friday, reaching $2.90. The company had a trading volume of 432,717 shares, compared to its average volume of 333,745. The stock has a 50 day moving average price of $2.56 and a 200 day moving average price of $3.49. Binah Capital Group has a fifty-two week low of $1.85 and a fifty-two week high of $16.61.

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.