Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Update

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large growth in short interest in April. As of April 15th, there was short interest totaling 119,059 shares, a growth of 180.2% from the March 31st total of 42,498 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 3,254,223 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Binah Capital Group in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Binah Capital Group Stock Performance

Shares of BCG stock opened at $1.91 on Monday. The stock’s fifty day moving average is $2.09 and its two-hundred day moving average is $2.18. The firm has a market capitalization of $31.94 million, a P/E ratio of 17.37 and a beta of 0.36. Binah Capital Group has a fifty-two week low of $1.36 and a fifty-two week high of $3.44.

Binah Capital Group (NASDAQ:BCG) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. Binah Capital Group had a return on equity of 421.57% and a net margin of 1.23%.The company had revenue of $50.51 million for the quarter.

Institutional Inflows and Outflows

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

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.