Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Drops By 41.9%

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 33,000 shares, a drop of 41.9% from the August 15th total of 56,800 shares. Based on an average trading volume of 28,700 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Trading of Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. Privium Fund Management B.V. bought a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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 Trading Down 0.7 %

Shares of NASDAQ:BCG traded down $0.02 during trading on Monday, reaching $2.79. The company’s stock had a trading volume of 3,455 shares, compared to its average volume of 208,333. Binah Capital Group has a 12 month low of $2.60 and a 12 month high of $16.61. The company’s 50 day moving average price is $3.97.

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