Binah Capital Group, Inc. (NASDAQ:BCG) Sees Large Drop in Short Interest

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 27,700 shares, a decrease of 16.1% from the August 31st total of 33,000 shares. Based on an average trading volume of 26,400 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.6% of the company’s stock are sold short.

Binah Capital Group Price Performance

NASDAQ BCG traded down $0.03 during trading hours on Friday, reaching $3.17. 17,932 shares of the company traded hands, compared to its average volume of 194,424. Binah Capital Group has a 12 month low of $2.60 and a 12 month high of $16.61. The stock has a 50 day simple moving average of $3.52.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Binah Capital Group stock. Privium Fund Management B.V. purchased a new position in Binah Capital Group, Inc. (NASDAQ:BCG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 filing with the Securities and Exchange Commission. 4.97% of the stock is currently owned by hedge funds and other institutional investors.

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.