Short Interest in Siebert Financial Corp. (NASDAQ:SIEB) Drops By 15.0%

Siebert Financial Corp. (NASDAQ:SIEB) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 82,400 shares, a decrease of 15.0% from the February 13th total of 96,900 shares. Based on an average daily volume of 20,500 shares, the days-to-cover ratio is presently 4.0 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Siebert Financial during the fourth quarter valued at approximately $37,000. Renaissance Technologies LLC raised its stake in Siebert Financial by 275.0% during the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 28,600 shares in the last quarter. Northern Trust Corp raised its stake in Siebert Financial by 15.1% during the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 5,323 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Siebert Financial by 70.4% during the 3rd quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 85,456 shares during the period. Institutional investors own 1.52% of the company’s stock.

Siebert Financial Stock Up 3.5 %

Siebert Financial stock opened at $2.64 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. Siebert Financial has a one year low of $1.41 and a one year high of $3.34. The company has a 50-day simple moving average of $2.72 and a 200-day simple moving average of $2.65. The firm has a market capitalization of $105.92 million, a P/E ratio of 10.15 and a beta of 0.46.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Siebert Financial in a report on Tuesday. They issued a “hold” rating on the stock.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.