Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Rises By 408.1%

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 410,000 shares, a growth of 408.1% from the February 13th total of 80,700 shares. Currently, 8.3% of the shares of the company are short sold. Based on an average daily volume of 1,300,000 shares, the days-to-cover ratio is presently 0.3 days.

Binah Capital Group Stock Performance

Shares of NASDAQ BCG opened at $1.93 on Friday. The company’s fifty day moving average is $2.28 and its two-hundred day moving average is $2.59. Binah Capital Group has a one year low of $1.71 and a one year high of $16.61.

Hedge Funds Weigh In On Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. Two Sigma Investments LP acquired a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,871 shares of the company’s stock, valued at approximately $79,000. Two Sigma Investments LP owned approximately 0.16% of Binah Capital Group at the end of the most recent reporting period. Institutional investors and hedge funds own 4.97% of the company’s stock.

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.