Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Expands By 42.0%

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 48,244 shares, a growth of 42.0% from the January 15th total of 33,973 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 11,265 shares, the days-to-cover ratio is presently 4.3 days. Based on an average daily volume of 11,265 shares, the days-to-cover ratio is presently 4.3 days. Currently, 0.3% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Binah Capital Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Binah Capital Group Price Performance

BCG opened at $2.17 on Friday. The stock’s 50 day moving average price is $2.42 and its 200 day moving average price is $2.10. The stock has a market cap of $36.02 million, a P/E ratio of 72.36 and a beta of 0.33. Binah Capital Group has a 12 month low of $1.36 and a 12 month high of $5.81.

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

Institutional Inflows and Outflows

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 third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 33,482 shares of the company’s stock, valued at approximately $58,000. GRIMES & Co WEALTH MANAGEMENT LLC owned about 0.20% of Binah Capital Group at the end of the most recent quarter. Institutional investors and hedge funds 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. The company was founded in 2016 and is headquartered in Albany, New York.