Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Declines By 34.6%

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 80,500 shares, a decrease of 34.6% from the March 15th total of 123,100 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is presently 0.1 days.

Binah Capital Group Price Performance

NASDAQ BCG opened at $2.40 on Friday. The stock has a market capitalization of $39.84 million, a P/E ratio of -7.50 and a beta of 0.50. The business has a 50 day simple moving average of $2.05 and a 200 day simple moving average of $2.38. Binah Capital Group has a one year low of $1.71 and a one year high of $12.22.

Binah Capital Group (NASDAQ:BCG) last announced its quarterly earnings data on Monday, March 31st. The company reported ($0.07) EPS for the quarter. Binah Capital Group had a negative return on equity of 205.99% and a negative net margin of 3.06%. The company had revenue of $44.61 million for the quarter.

Institutional Investors Weigh In On Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. Two Sigma Investments LP bought a new stake in Binah Capital Group, Inc. (NASDAQ:BCG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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.