Binah Capital Group, Inc. (NASDAQ:BCG) is seeing a big drop in short interest

Binah Capital Group, Inc. (NASDAQ:BCG – Get Free Report ) received a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 27,700 shares, down 16.1% from August 31st’s total of 33,000 shares. Based on an average trading volume of 26,400 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.6% of the company’s shares are short sold.

Binah Capital Group price performance

NASDAQ BCG traded down $0.03 during trading hours on Friday, hitting $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 – Get Your Free Report ) last issued 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 inputs and outputs

An institutional investor recently bought a new position in shares of Binah Capital Group. Privium Fund Management BV purchased a new position in Binah Capital Group, Inc. (NASDAQ:BCG – Free Report) 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 BV owned approximately 0.31% of Binah Capital Group as of its most recent filing with the Securities and Exchange Commission. 4.97% of the shares are currently held by hedge funds and other institutional investors.

Binah Capital Group Company Profile

(Get a free report)

Binah Capital Group, Inc, together with its subsidiaries, operates in the wealth management industry. The Company provides access to execution services for stocks, bonds, exchange-traded funds and options; and research, compliance, oversight, and accounting and related services for financial advisors. It also offers mutual funds and insurance products, as well as alternative investments such as non-marketed real estate investment trusts, unit trusts, and fixed and variable annuities.

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