Cohen & Company Inc. (NYSEAMERICAN:COHN) Sees Significant Increase in Short Interest

Posted by Matthew Jenks on Nov 19th, 2024

Cohen & Company Inc. (NYSEAMERICAN:COHN – Get Free Report) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 13,800 shares, a growth of 11.3% from the October 15th total of 12,400 shares. Based on an average daily trading volume, of 12,500 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cohen & Company Inc. stock. Renaissance Technologies LLC purchased a new position in Cohen & Company Inc. (NYSEAMERICAN:COHN – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 15,300 shares of the financial services provider’s stock, valued at approximately $136,000. Renaissance Technologies LLC owned about 0.79% of Cohen & Company Inc. at the end of the most recent reporting period. 14.26% of the stock is owned by hedge funds and other institutional investors.

Cohen & Company Inc. Price Performance

COHN stock traded up $0.21 during midday trading on Monday, hitting $9.91. 17,000 shares of the company’s stock were exchanged, compared to its average volume of 11,822. The stock has a market cap of $19.32 million, a price-to-earnings ratio of 2.42 and a beta of 1.22. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.35. Cohen & Company Inc. has a 1-year low of $6.04 and a 1-year high of $12.82.

Cohen & Company Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.00 annualized dividend and a yield of 10.09%. Cohen & Company Inc.’s dividend payout ratio is 24.45%.

Cohen & Company Inc. Company Profile

(Get Free Report)

Cohen & Company Inc is a publicly owned investment manager. The firm primarily provides its services to individuals and institutions. It manages separate client-focused fixed income portfolios. Institutional Financial Markets, Inc also manages funds and collateralized debt obligations for its clients.