Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Update

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 24,000 shares, an increase of 31.1% from the November 30th total of 18,300 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 446,700 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On 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) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 at the end of the most recent quarter. 4.97% of the stock is currently owned by hedge funds and other institutional investors.

Binah Capital Group Stock Down 4.9 %

BCG stock traded down $0.15 on Friday, hitting $2.90. 432,717 shares of the company’s stock traded hands, compared to its average volume of 333,745. Binah Capital Group has a 1-year low of $1.85 and a 1-year high of $16.61. The stock has a fifty day moving average of $2.56 and a 200-day moving average of $3.55.

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.