Binah Capital Group, Inc. (NASDAQ:BCG) Stock Short Interest Report for September

Binah Capital Group, Inc. (NASDAQ:BCG) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 2,413 shares, a decline of 61.0% from the September 15th total of 6,191 shares. Based on an average daily volume of 16,415 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. Citadel Advisors LLC bought a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 32,395 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned approximately 0.19% of Binah Capital Group as of its most recent SEC filing. Institutional investors and hedge funds own 4.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Binah Capital Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Binah Capital Group Stock Down 1.0%

Binah Capital Group stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.02. 8,252 shares of the company were exchanged, compared to its average volume of 214,734. The business has a fifty day moving average of $1.29 and a 200 day moving average of $1.58. Binah Capital Group has a 1-year low of $0.95 and a 1-year high of $3.44. The company has a market capitalization of $17.40 million, a PE ratio of 5.67 and a beta of 0.31.

Binah Capital Group Company Profile

Binah Capital Group, Inc is a financial services holding company that operates a platform for independent financial professionals and wealth management businesses. Through its subsidiaries, the company supports independent financial advisors who serve individuals, families and institutions.

Its services generally include securities brokerage, investment advisory services, financial planning, retirement planning, insurance solutions and wealth management. Binah’s platform is designed to provide advisors with operational, compliance, technology and practice-management resources while allowing them to maintain independent client relationships.

The company was formed through a business combination involving Kingswood Acquisition Corp.