Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Down 11.6% in February

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 80,700 shares, a decrease of 11.6% from the January 31st total of 91,300 shares. Based on an average daily volume of 204,900 shares, the short-interest ratio is presently 0.4 days. Currently, 1.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. Two Sigma Investments LP acquired a new stake in Binah Capital Group, Inc. (NASDAQ:BCG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 26,871 shares of the company’s stock, valued at approximately $79,000. Two Sigma Investments LP owned approximately 0.16% of Binah Capital Group at the end of the most recent reporting period. 4.97% of the stock is owned by institutional investors.

Binah Capital Group Trading Down 1.3 %

Shares of Binah Capital Group stock opened at $2.24 on Friday. Binah Capital Group has a 12-month low of $1.71 and a 12-month high of $16.61. The business’s 50 day moving average is $2.37 and its 200-day moving average is $2.63.

About Binah Capital Group

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.