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

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 48,244 shares, an increase of 42.0% from the January 15th total of 33,973 shares. Based on an average daily trading volume, of 11,265 shares, the short-interest ratio is currently 4.3 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 11,265 shares, the short-interest ratio is currently 4.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Binah Capital Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Binah Capital Group has an average rating of “Sell”.

Hedge Funds Weigh In On Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in Binah Capital Group, Inc. (NASDAQ:BCG) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 33,482 shares of the company’s stock, valued at approximately $58,000. GRIMES & Co WEALTH MANAGEMENT LLC owned approximately 0.20% of Binah Capital Group at the end of the most recent quarter. Institutional investors and hedge funds own 4.97% of the company’s stock.

Binah Capital Group Price Performance

NASDAQ BCG opened at $2.17 on Monday. Binah Capital Group has a 1-year low of $1.36 and a 1-year high of $5.81. The firm has a market capitalization of $36.02 million, a P/E ratio of 72.36 and a beta of 0.33. The business’s 50-day simple moving average is $2.42 and its 200-day simple moving average is $2.10.

Binah Capital Group (NASDAQ:BCG) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.08 EPS for the quarter. The firm had revenue of $46.20 million for the quarter. Binah Capital Group had a net margin of 0.58% and a return on equity of 509.27%.

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. The company was founded in 2016 and is headquartered in Albany, New York.