Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Decreases By 41.9%

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 33,000 shares, a decrease of 41.9% from the August 15th total of 56,800 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 28,700 shares, the short-interest ratio is currently 1.1 days.

Binah Capital Group Stock Performance

Shares of BCG traded up $0.10 during midday trading on Friday, hitting $2.81. The company had a trading volume of 5,950 shares, compared to its average volume of 210,084. The firm has a 50 day moving average price of $4.02. Binah Capital Group has a 52 week low of $2.60 and a 52 week high of $16.61.

Binah Capital Group (NASDAQ:BCG) last issued its quarterly earnings results on Thursday, August 15th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $40.65 million during the quarter.

Institutional Trading of Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. Privium Fund Management B.V. bought a new stake in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 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 at the end of the most recent reporting period. 4.97% of the stock is currently owned by institutional investors and hedge funds.

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.