Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Update

Siebert Financial Corp. (NASDAQ:SIEB) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 346,155 shares, a decline of 26.3% from the December 31st total of 469,706 shares. Based on an average trading volume of 15,785 shares, the days-to-cover ratio is currently 21.9 days. Approximately 1.6% of the shares of the company are short sold. Approximately 1.6% of the shares of the company are short sold. Based on an average trading volume of 15,785 shares, the days-to-cover ratio is currently 21.9 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Siebert Financial in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Siebert Financial

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC grew its stake in shares of Siebert Financial by 40.9% in the 1st quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock valued at $49,000 after buying an additional 4,775 shares during the period. JPMorgan Chase & Co. lifted its holdings in Siebert Financial by 111,383.3% in the second quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 6,683 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Siebert Financial in the second quarter worth approximately $34,000. Invesco Ltd. acquired a new stake in Siebert Financial during the second quarter worth $45,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Siebert Financial in the second quarter valued at $48,000. 1.52% of the stock is currently owned by hedge funds and other institutional investors.

Siebert Financial Price Performance

Shares of NASDAQ SIEB traded down $0.18 during midday trading on Tuesday, hitting $2.79. The stock had a trading volume of 24,660 shares, compared to its average volume of 18,412. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $3.32 and a 200-day simple moving average of $3.22. The company has a market capitalization of $112.80 million, a PE ratio of 15.50 and a beta of 0.90. Siebert Financial has a 1 year low of $2.08 and a 1 year high of $5.77.

Siebert Financial (NASDAQ:SIEB) last posted its quarterly earnings data on Wednesday, November 12th. The financial services provider reported $0.04 EPS for the quarter. The firm had revenue of $26.85 million during the quarter. Siebert Financial had a return on equity of 8.08% and a net margin of 8.05%.

Siebert Financial Company Profile

Siebert Financial Corp., trading on the Nasdaq under the symbol SIEB, is the bank holding company for Siebert Bank & Trust, offering a full range of community banking services. Through its subsidiary, the company provides traditional deposit products, lending solutions and digital banking capabilities designed to meet the needs of individuals, businesses and agricultural customers.

Siebert’s product suite includes checking and savings accounts, certificates of deposit and money market instruments, alongside consumer and mortgage loans, agricultural lending and commercial credit facilities.