Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Down 70.0% in March

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 123,100 shares, a decline of 70.0% from the February 28th total of 410,000 shares. Currently, 2.5% of the company’s shares are short sold. Based on an average daily volume of 1,300,000 shares, the short-interest ratio is currently 0.1 days.

Binah Capital Group Stock Performance

BCG opened at $2.01 on Friday. The stock’s fifty day moving average is $2.15 and its two-hundred day moving average is $2.49. Binah Capital Group has a 52 week low of $1.71 and a 52 week high of $16.61.

Hedge Funds Weigh In On Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. Two Sigma Investments LP bought a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 26,871 shares of the company’s stock, valued at approximately $79,000. Two Sigma Investments LP owned approximately 0.16% of Binah Capital Group at the end of the most recent reporting period. Institutional investors own 4.97% of the company’s stock.

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.