Binah Capital Group, Inc. (NASDAQ:BCG) Stock Short Interest Report for September

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,413 shares, a drop of 61.0% from the September 15th total of 6,191 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 16,415 shares, the short-interest ratio is presently 0.1 days.

Binah Capital Group Stock Performance

Shares of BCG traded down $0.03 during trading hours on Wednesday, hitting $0.99. 7,423 shares of the company were exchanged, compared to its average volume of 213,692. The firm’s 50 day moving average is $1.28 and its 200-day moving average is $1.57. Binah Capital Group has a 52 week low of $0.95 and a 52 week high of $3.44. The company has a market cap of $16.91 million, a PE ratio of 5.51 and a beta of 0.31.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. Citadel Advisors LLC purchased a new stake in Binah Capital Group, Inc. (NASDAQ:BCG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 32,395 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned 0.19% of Binah Capital Group as of its most recent SEC filing. Institutional investors and hedge funds own 4.97% of the company’s stock.

About Binah Capital Group

Binah Capital Group, Inc is a financial services holding company that operates a platform for independent financial professionals and wealth management businesses. Through its subsidiaries, the company supports independent financial advisors who serve individuals, families and institutions.

Its services generally include securities brokerage, investment advisory services, financial planning, retirement planning, insurance solutions and wealth management. Binah’s platform is designed to provide advisors with operational, compliance, technology and practice-management resources while allowing them to maintain independent client relationships.

The company was formed through a business combination involving Kingswood Acquisition Corp.