Binah Capital Group, Inc. (NASDAQ:BCG) Stock Short Interest Rises 132.4%

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 5,607 shares, an increase of 132.4% from the September 30th total of 2,413 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 18,405 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Binah Capital Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Binah Capital Group

An institutional investor recently bought a new stake in Binah Capital Group stock. Citadel Advisors LLC acquired a new stake in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 32,395 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned about 0.19% of Binah Capital Group as of its most recent filing with the SEC. 4.97% of the stock is owned by institutional investors.

Binah Capital Group Price Performance

NASDAQ:BCG remained flat at $1.08 during trading hours on Friday. The company’s stock had a trading volume of 16,738 shares, compared to its average volume of 12,910. The firm has a 50-day moving average price of $1.18 and a 200-day moving average price of $1.70. Binah Capital Group has a 1-year low of $0.95 and a 1-year high of $3.44. The firm has a market capitalization of $18.42 million, a PE ratio of 6.00 and a beta of 0.31.

About Binah Capital Group

Binah Capital Group, Inc (NASDAQ: BCG) is a wealth management company that provides services and support to independent financial advisors and their clients in the United States. The company operates as a holding company for wealth management businesses serving individuals, families and institutions.

Through its operating businesses, Binah Capital offers brokerage and investment advisory services, financial planning, retirement planning, insurance solutions and access to investment products.