Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Up 10.4% in October

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 33,000 shares, an increase of 10.4% from the September 30th total of 29,900 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 25,900 shares, the days-to-cover ratio is presently 1.3 days.

Binah Capital Group Trading Up 6.9 %

BCG stock traded up $0.15 during trading on Thursday, hitting $2.31. The stock had a trading volume of 1,352 shares, compared to its average volume of 164,863. The company’s 50 day moving average price is $2.86 and its two-hundred day moving average price is $4.76. Binah Capital Group has a 1-year low of $1.85 and a 1-year high of $16.61.

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

Institutional Trading of Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. Privium Fund Management B.V. acquired a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 50,744 shares of the company’s stock, valued at approximately $315,000. Privium Fund Management B.V. owned about 0.31% 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, 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.