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

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 24,000 shares, an increase of 31.1% from the November 30th total of 18,300 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 446,700 shares, the days-to-cover ratio is presently 0.1 days.

Binah Capital Group Price Performance

Shares of BCG traded down $0.15 during trading hours on Friday, reaching $2.90. 432,717 shares of the company’s stock traded hands, compared to its average volume of 333,745. Binah Capital Group has a twelve month low of $1.85 and a twelve month high of $16.61. The business’s fifty day simple moving average is $2.56 and its two-hundred day simple moving average is $3.55.

Hedge Funds Weigh In On Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. Privium Fund Management B.V. acquired a new position in Binah Capital Group, Inc. (NASDAQ:BCG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC. 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.