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

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

Binah Capital Group Stock Performance

Shares of BCG stock opened at $2.95 on Tuesday. The firm has a fifty day simple moving average of $2.68 and a two-hundred day simple moving average of $4.36. Binah Capital Group has a 12 month low of $1.85 and a 12 month high of $16.61.

Institutional Investors Weigh In On Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. Privium Fund Management B.V. acquired a new stake in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 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 quarter. Hedge funds and other 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.