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

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 20,200 shares, a drop of 28.9% from the May 15th total of 28,400 shares. Based on an average daily volume of 33,100 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Trading of Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. Two Sigma Investments LP acquired a new position in Binah Capital Group, Inc. (NASDAQ:BCG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,871 shares of the company’s stock, valued at approximately $79,000. Two Sigma Investments LP owned 0.16% of Binah Capital Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 4.97% of the company’s stock.

Binah Capital Group Trading Down 1.0%

BCG stock opened at $2.08 on Tuesday. The stock has a market capitalization of $34.53 million, a price-to-earnings ratio of -17.33 and a beta of 0.46. Binah Capital Group has a 12-month low of $1.71 and a 12-month high of $6.55. The firm’s 50-day moving average price is $2.23 and its two-hundred day moving average price is $2.28.

Binah Capital Group (NASDAQ:BCG) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.06 earnings per share for the quarter. Binah Capital Group had a negative return on equity of 205.99% and a negative net margin of 3.06%.

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.