Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Down 55.9% in June

Siebert Financial Corp. (NASDAQ:SIEB) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 192,437 shares, a decline of 55.9% from the June 15th total of 436,670 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 196,236 shares, the days-to-cover ratio is presently 1.0 days.

Siebert Financial Trading Down 1.8%

NASDAQ SIEB traded down $0.03 on Thursday, hitting $1.65. 21,950 shares of the company were exchanged, compared to its average volume of 44,265. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. Siebert Financial has a twelve month low of $1.56 and a twelve month high of $4.30. The firm has a market capitalization of $67.55 million, a P/E ratio of -11.78 and a beta of 0.92. The company’s 50 day moving average price is $1.79 and its 200-day moving average price is $2.18.

Siebert Financial (NASDAQ:SIEB) last announced its earnings results on Friday, May 15th. The financial services provider reported ($0.05) EPS for the quarter. The firm had revenue of $23.47 million during the quarter. Siebert Financial had a negative return on equity of 6.14% and a negative net margin of 6.21%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Siebert Financial in a research report on Friday, June 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Siebert Financial presently has an average rating of “Sell”.

Hedge Funds Weigh In On Siebert Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Siebert Financial by 81.8% during the second quarter. Geode Capital Management LLC now owns 400,488 shares of the financial services provider’s stock valued at $1,770,000 after buying an additional 180,186 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Siebert Financial in the 3rd quarter worth about $172,000. Bridgeway Capital Management LLC lifted its stake in Siebert Financial by 156.2% in the 3rd quarter. Bridgeway Capital Management LLC now owns 64,060 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 39,060 shares in the last quarter. Vanguard Group Inc. boosted its position in Siebert Financial by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 723,975 shares of the financial services provider’s stock worth $2,114,000 after acquiring an additional 38,318 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in Siebert Financial during the 3rd quarter worth about $92,000. 1.52% of the stock is currently owned by hedge funds and other institutional investors.

Siebert Financial Company Profile

Siebert Financial Corp., trading on the Nasdaq under the symbol SIEB, is the bank holding company for Siebert Bank & Trust, offering a full range of community banking services. Through its subsidiary, the company provides traditional deposit products, lending solutions and digital banking capabilities designed to meet the needs of individuals, businesses and agricultural customers.

Siebert’s product suite includes checking and savings accounts, certificates of deposit and money market instruments, alongside consumer and mortgage loans, agricultural lending and commercial credit facilities.