Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Update

Siebert Financial Corp. (NASDAQ:SIEB) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 68,700 shares, a decline of 33.6% from the May 31st total of 103,400 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 19,500 shares, the days-to-cover ratio is currently 3.5 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Siebert Financial in a research report on Thursday. They set a “hold” rating for the company.

Siebert Financial Trading Up 4.2 %

SIEB opened at $1.74 on Friday. The company has a market cap of $69.39 million, a P/E ratio of 8.70 and a beta of 0.33. The company has a fifty day moving average price of $2.08 and a two-hundred day moving average price of $1.92. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.06. Siebert Financial has a 1-year low of $1.46 and a 1-year high of $2.62.

Siebert Financial (NASDAQ:SIEB) last posted its quarterly earnings results on Wednesday, May 22nd. The financial services provider reported $0.09 earnings per share for the quarter. Siebert Financial had a return on equity of 12.97% and a net margin of 10.97%. The business had revenue of $20.46 million for 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.