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

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 33,973 shares, a decline of 47.5% from the December 31st total of 64,685 shares. Based on an average daily trading volume, of 18,829 shares, the short-interest ratio is presently 1.8 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 18,829 shares, the short-interest ratio is presently 1.8 days.

Hedge Funds Weigh In On Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in Binah Capital Group, Inc. (NASDAQ:BCG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 33,482 shares of the company’s stock, valued at approximately $58,000. GRIMES & Co WEALTH MANAGEMENT LLC owned 0.20% of Binah Capital Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.97% of the company’s stock.

Binah Capital Group Price Performance

BCG stock traded down $0.02 during trading on Friday, hitting $2.28. 8,643 shares of the company traded hands, compared to its average volume of 14,755. Binah Capital Group has a 1 year low of $1.36 and a 1 year high of $5.81. The company has a market cap of $37.85 million, a PE ratio of 76.03 and a beta of 0.33. The stock’s 50-day simple moving average is $2.49 and its 200 day simple moving average is $2.09.

Binah Capital Group (NASDAQ:BCG) last announced its earnings results on Thursday, November 13th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $46.20 million during the quarter. Binah Capital Group had a net margin of 0.58% and a return on equity of 509.27%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Binah Capital Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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. The company was founded in 2016 and is headquartered in Albany, New York.