Binah Capital Group, Inc. (NASDAQ:BCG) Sees Large Drop in Short Interest

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 27,700 shares, a drop of 16.1% from the August 31st total of 33,000 shares. Based on an average daily volume of 26,400 shares, the short-interest ratio is presently 1.0 days. Approximately 0.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. Privium Fund Management B.V. bought a new stake in Binah Capital Group, Inc. (NASDAQ:BCG) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50,744 shares of the company’s stock, valued at approximately $315,000. Privium Fund Management B.V. owned 0.31% of Binah Capital Group as of its most recent filing with the Securities & Exchange Commission. 4.97% of the stock is currently owned by hedge funds and other institutional investors.

Binah Capital Group Trading Down 0.9 %

BCG traded down $0.03 during midday trading on Friday, reaching $3.17. 17,932 shares of the company’s stock were exchanged, compared to its average volume of 194,424. The company’s 50-day moving average price is $3.52. Binah Capital Group has a 1-year low of $2.60 and a 1-year high of $16.61.

Binah Capital Group (NASDAQ:BCG) last announced its earnings results on Thursday, August 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $40.65 million for the quarter.

About Binah Capital Group

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.