Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Down 11.5% in October

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 29,200 shares, a decline of 11.5% from the October 15th total of 33,000 shares. Based on an average daily volume of 397,600 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.6% of the company’s shares are sold short.

Binah Capital Group Stock Performance

Shares of BCG opened at $3.49 on Friday. Binah Capital Group has a 52-week low of $1.85 and a 52-week high of $16.61. The business has a fifty day moving average of $2.68 and a 200 day moving average of $4.40.

Binah Capital Group (NASDAQ:BCG) last released its earnings results on Thursday, August 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $40.65 million during the quarter. Binah Capital Group had a negative return on equity of 148.02% and a negative net margin of 2.04%.

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

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.