Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Increases By 563.8%

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 60,900 shares, a growth of 563.8% from the July 30th total of 9,175 shares. Based on an average trading volume of 96,026 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Binah Capital Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Binah Capital Group Price Performance

NASDAQ BCG opened at $1.44 on Friday. Binah Capital Group has a 12 month low of $1.26 and a 12 month high of $3.44. The firm has a market capitalization of $24.63 million, a PE ratio of 8.02 and a beta of 0.27. The company’s 50 day simple moving average is $1.47 and its 200 day simple moving average is $1.79.

Hedge Funds Weigh In On Binah Capital Group

An institutional investor recently raised its position in Binah Capital Group stock. State Street Corp grew its position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) by 54.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 25,100 shares of the company’s stock after purchasing an additional 8,800 shares during the quarter. State Street Corp owned 0.15% of Binah Capital Group worth $72,000 as of its most recent filing with the SEC. 4.97% of the stock is owned by institutional investors.

About Binah Capital Group

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. The company was founded in 2016 and is headquartered in Albany, New York.