Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Down 16.1% in September

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large drop in short interest in 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. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 26,400 shares, the short-interest ratio is currently 1.0 days.

Binah Capital Group Price Performance

BCG traded down $0.15 during trading on Monday, reaching $3.02. The company’s stock had a trading volume of 4,658 shares, compared to its average volume of 192,941. The stock has a fifty day simple moving average of $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 posted its quarterly earnings results on Thursday, August 15th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $40.65 million during the quarter.

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 stake in Binah Capital Group, Inc. (NASDAQ:BCG) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund 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. Institutional investors own 4.97% of the company’s stock.

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.