Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Declines By 73.7%

Binah Capital Group, Inc. (NASDAQ:BCG) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 18,300 shares, a decline of 73.7% from the November 15th total of 69,700 shares. Based on an average trading volume of 444,100 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Trading of Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. Privium Fund Management B.V. purchased a new stake in Binah Capital Group, Inc. (NASDAQ:BCG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,744 shares of the company’s stock, valued at approximately $315,000. Privium Fund Management B.V. owned 0.31% of Binah Capital Group as of its most recent filing with the Securities and Exchange Commission. 4.97% of the stock is owned by hedge funds and other institutional investors.

Binah Capital Group Stock Performance

Shares of Binah Capital Group stock traded down $0.13 on Friday, reaching $2.80. 73,835 shares of the stock were exchanged, compared to its average volume of 295,676. The firm’s 50 day moving average is $2.60 and its 200-day moving average is $4.05. Binah Capital Group has a one year low of $1.85 and a one year high of $16.61.

Binah Capital Group Company Profile

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.