Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Grows By 78.1%

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 19,960 shares, an increase of 78.1% from the May 31st total of 11,209 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 26,151 shares, the short-interest ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Binah Capital Group in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Binah Capital Group has an average rating of “Sell”.

Binah Capital Group Trading Down 0.5%

NASDAQ BCG opened at $1.52 on Friday. The stock has a 50-day simple moving average of $1.72 and a 200 day simple moving average of $2.06. The company has a market capitalization of $25.60 million, a PE ratio of 10.88 and a beta of 0.27. Binah Capital Group has a 12 month low of $1.36 and a 12 month high of $3.44.

Binah Capital Group (NASDAQ:BCG) last issued its earnings results on Friday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $48.70 million for the quarter. Binah Capital Group had a return on equity of 260.70% and a net margin of 1.70%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Binah Capital Group stock. State Street Corp boosted its position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) by 54.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,100 shares of the company’s stock after purchasing an additional 8,800 shares during the quarter. State Street Corp owned 0.15% of Binah Capital Group worth $72,000 as of its most recent SEC filing. 4.97% of the stock is owned by institutional investors and hedge funds.

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.