Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Drops By 11.5%

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large decline in short interest during 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. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 397,600 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of 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 the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 and hedge funds own 4.97% of the company’s stock.

Binah Capital Group Stock Performance

Shares of BCG stock opened at $3.49 on Friday. The company’s fifty day simple moving average is $2.68 and its two-hundred day simple moving average is $4.40. Binah Capital Group has a 52 week low of $1.85 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) EPS for the quarter. The firm had revenue of $40.65 million during the quarter. Binah Capital Group had a negative return on equity of 148.02% and a negative net margin of 2.04%.

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.