Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Up 48.7% in May

Siebert Financial Corp. (NASDAQ:SIEB) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 80,900 shares, an increase of 48.7% from the May 15th total of 54,400 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 87,600 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Siebert Financial from a “strong-buy” rating to a “buy” rating in a research note on Sunday.

Siebert Financial Stock Performance

NASDAQ:SIEB opened at $4.50 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.04. Siebert Financial has a fifty-two week low of $1.41 and a fifty-two week high of $5.77. The stock has a market cap of $181.85 million, a PE ratio of 9.78 and a beta of 0.67. The firm’s fifty day simple moving average is $4.14 and its 200-day simple moving average is $3.29.

Siebert Financial (NASDAQ:SIEB) last released its quarterly earnings data on Tuesday, May 13th. The financial services provider reported $0.22 EPS for the quarter. Siebert Financial had a net margin of 19.77% and a return on equity of 21.37%. The business had revenue of $28.92 million for the quarter.

Institutional Investors Weigh In On Siebert Financial

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC boosted its position in shares of Siebert Financial by 40.9% in the 1st quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock worth $49,000 after buying an additional 4,775 shares in the last quarter. Northern Trust Corp boosted its position in shares of Siebert Financial by 15.1% in the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock worth $128,000 after buying an additional 5,323 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Siebert Financial by 275.0% in the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $123,000 after buying an additional 28,600 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Siebert Financial by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider’s stock worth $685,000 after buying an additional 10,053 shares in the last quarter. 1.52% of the stock is currently owned by hedge funds and other institutional investors.

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.