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

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 33,000 shares, a growth of 10.4% from the September 30th total of 29,900 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 25,900 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Binah Capital Group stock. Privium Fund Management B.V. bought a new position in Binah Capital Group, Inc. (NASDAQ:BCG) during the second quarter, according to 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 at the end of the most recent reporting period. 4.97% of the stock is currently owned by institutional investors and hedge funds.

Binah Capital Group Stock Up 13.1 %

BCG traded up $0.27 during trading on Tuesday, reaching $2.33. The company had a trading volume of 3,389 shares, compared to its average volume of 167,007. The business has a 50 day simple moving average of $2.90 and a 200-day simple moving average of $4.82. Binah Capital Group has a 52 week low of $1.85 and a 52 week high of $16.61.

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 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.