Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Drops By 11.5%

Posted by Samantha Reynolds on Nov 18th, 2024

Binah Capital Group, Inc. (NASDAQ:BCG – Get Free Report) was the target of a large drop in short interest during the month of 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. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 397,600 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. Privium Fund Management B.V. bought a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 50,744 shares of the company’s stock, valued at approximately $315,000. Privium Fund Management B.V. owned 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 Trading Down 4.0 %

BCG stock traded down $0.14 during midday trading on Monday, reaching $3.35. 115,090 shares of the company were exchanged, compared to its average volume of 318,228. Binah Capital Group has a one year low of $1.85 and a one year high of $16.61. The business has a 50-day moving average price of $2.68 and a two-hundred day moving average price of $4.38.

Binah Capital Group (NASDAQ:BCG – Get Free Report) last posted its earnings results on Thursday, August 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. Binah Capital Group had a negative return on equity of 148.02% and a negative net margin of 2.04%. The company had revenue of $40.65 million for the quarter.

Binah Capital Group Company Profile

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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.