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

Binah Capital Group, Inc. (NASDAQ:BCG) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 18,300 shares, a drop of 73.7% from the November 15th total of 69,700 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 444,100 shares, the days-to-cover ratio is presently 0.0 days.

Binah Capital Group Trading Up 2.7 %

Shares of NASDAQ:BCG traded up $0.08 during trading on Wednesday, reaching $2.99. The stock had a trading volume of 3,435 shares, compared to its average volume of 298,333. The stock has a fifty day simple moving average of $2.59 and a two-hundred day simple moving average of $4.09. Binah Capital Group has a 52 week low of $1.85 and a 52 week 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. purchased a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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.