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

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a significant 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. Based on an average trading volume of 435,400 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.4% of the company’s stock are short sold.

Binah Capital Group Stock Up 1.2 %

Binah Capital Group stock traded up $0.03 during midday trading on Friday, hitting $2.58. 22,294 shares of the company’s stock were exchanged, compared to its average volume of 309,971. The firm has a 50-day moving average of $2.64 and a two-hundred day moving average of $4.20. Binah Capital Group has a 12 month low of $1.85 and a 12 month high of $16.61.

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 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing. 4.97% of the stock is currently owned by institutional investors.

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.