Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Down 27.2% in December

Siebert Financial Corp. (NASDAQ:SIEB) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 94,300 shares, a decrease of 27.2% from the November 30th total of 129,500 shares. Based on an average daily volume of 35,900 shares, the short-interest ratio is currently 2.6 days. Approximately 0.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Siebert Financial

An institutional investor recently raised its position in Siebert Financial stock. Geode Capital Management LLC boosted its holdings in shares of Siebert Financial Corp. (NASDAQ:SIEB) by 70.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,788 shares of the financial services provider’s stock after purchasing an additional 85,456 shares during the quarter. Geode Capital Management LLC owned about 0.52% of Siebert Financial worth $523,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.52% of the company’s stock.

Siebert Financial Stock Down 1.0 %

NASDAQ:SIEB traded down $0.03 during mid-day trading on Friday, reaching $3.04. The stock had a trading volume of 20,040 shares, compared to its average volume of 24,295. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $121.97 million, a P/E ratio of 11.69 and a beta of 0.33. The business’s 50 day moving average is $2.81 and its 200 day moving average is $2.20. Siebert Financial has a fifty-two week low of $1.41 and a fifty-two week high of $3.31.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Siebert Financial in a research note on Saturday. They issued a “hold” rating on the stock.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.