Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Down 18.8% in August

Siebert Financial Corp. (NASDAQ:SIEB) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 462,000 shares, a decline of 18.8% from the August 15th total of 569,300 shares. Approximately 3.5% of the company’s shares are sold short. Based on an average daily trading volume, of 120,700 shares, the days-to-cover ratio is presently 3.8 days. Based on an average daily trading volume, of 120,700 shares, the days-to-cover ratio is presently 3.8 days. Approximately 3.5% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Siebert Financial from a “buy” rating to a “sell” rating in a research report on Saturday, August 16th.

Institutional Investors Weigh In On Siebert Financial

Several hedge funds have recently made changes to their positions in the business. Bridgeway Capital Management LLC acquired a new stake in shares of Siebert Financial during the second quarter worth about $110,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Siebert Financial during the second quarter worth about $97,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Siebert Financial during the second quarter worth about $34,000. Invesco Ltd. acquired a new stake in shares of Siebert Financial during the second quarter worth about $45,000. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Siebert Financial during the second quarter worth about $145,000. Institutional investors and hedge funds own 1.52% of the company’s stock.

Siebert Financial Stock Performance

NASDAQ SIEB opened at $2.92 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. Siebert Financial has a 1 year low of $2.08 and a 1 year high of $5.77. The company has a market capitalization of $120.98 million, a PE ratio of 12.17 and a beta of 0.69. The company has a fifty day moving average of $3.38 and a two-hundred day moving average of $3.63.

Siebert Financial (NASDAQ:SIEB) last released its quarterly earnings data on Tuesday, August 12th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter. Siebert Financial had a net margin of 11.00% and a return on equity of 10.78%. The company had revenue of $14.87 million during the quarter.

About Siebert Financial

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.