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

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 69,700 shares, a growth of 138.7% from the October 31st total of 29,200 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average trading volume of 435,400 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Binah Capital Group

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

Binah Capital Group Stock Up 1.2 %

Binah Capital Group stock opened at $2.58 on Friday. Binah Capital Group has a 12-month low of $1.85 and a 12-month high of $16.61. The firm’s fifty day moving average price is $2.64 and its 200 day moving average price is $4.20.

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.