Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Update

Siebert Financial Corp. (NASDAQ:SIEB) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 82,400 shares, a decline of 15.0% from the February 13th total of 96,900 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 20,500 shares, the short-interest ratio is presently 4.0 days.

Institutional Trading of Siebert Financial

Several institutional investors have recently made changes to their positions in SIEB. Geode Capital Management LLC grew its position in Siebert Financial by 70.4% in the third quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 85,456 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Siebert Financial by 275.0% in the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 28,600 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Siebert Financial during the 4th quarter worth $37,000. Finally, Northern Trust Corp increased its position in shares of Siebert Financial by 15.1% during the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 5,323 shares during the last quarter. Hedge funds and other institutional investors own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Siebert Financial in a research note on Tuesday. They issued a “hold” rating for the company.

Siebert Financial Price Performance

Shares of SIEB stock opened at $2.55 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $102.31 million, a PE ratio of 9.81 and a beta of 0.46. The firm’s 50-day moving average is $2.73 and its two-hundred day moving average is $2.65. Siebert Financial has a 12 month low of $1.41 and a 12 month high of $3.34.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.