Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Up 19.5% in January

Siebert Financial Corp. (NASDAQ:SIEB) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 413,818 shares, a growth of 19.5% from the January 15th total of 346,155 shares. Based on an average trading volume of 19,264 shares, the days-to-cover ratio is currently 21.5 days. Approximately 1.9% of the company’s stock are sold short. Approximately 1.9% of the company’s stock are sold short. Based on an average trading volume of 19,264 shares, the days-to-cover ratio is currently 21.5 days.

Hedge Funds Weigh In On Siebert Financial

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Siebert Financial by 111,383.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 6,683 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Siebert Financial in the second quarter valued at approximately $34,000. Invesco Ltd. purchased a new position in shares of Siebert Financial during the second quarter worth approximately $45,000. Los Angeles Capital Management LLC purchased a new stake in Siebert Financial in the 2nd quarter valued at $48,000. Finally, Jane Street Group LLC raised its position in 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 valued at $49,000 after purchasing an additional 4,775 shares during the last quarter. Hedge funds and other institutional investors own 1.52% of the company’s stock.

Siebert Financial Stock Performance

Shares of Siebert Financial stock opened at $2.44 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.04. Siebert Financial has a 52 week low of $2.08 and a 52 week high of $5.77. The firm’s 50 day moving average is $3.22 and its two-hundred day moving average is $3.11. The firm has a market capitalization of $98.65 million, a P/E ratio of 13.56 and a beta of 0.90.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Siebert Financial in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Siebert Financial Company Profile

Siebert Financial Corp., trading on the Nasdaq under the symbol SIEB, is the bank holding company for Siebert Bank & Trust, offering a full range of community banking services. Through its subsidiary, the company provides traditional deposit products, lending solutions and digital banking capabilities designed to meet the needs of individuals, businesses and agricultural customers.

Siebert’s product suite includes checking and savings accounts, certificates of deposit and money market instruments, alongside consumer and mortgage loans, agricultural lending and commercial credit facilities.