Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Up 19.5% in January

Siebert Financial Corp. (NASDAQ:SIEB) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 413,818 shares, a growth of 19.5% from the January 15th total of 346,155 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average trading volume of 19,264 shares, the days-to-cover ratio is currently 21.5 days. Based on an average trading volume of 19,264 shares, the days-to-cover ratio is currently 21.5 days. Currently, 1.9% of the shares of the company are sold short.

Institutional Trading of Siebert Financial

Several institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Siebert Financial by 111,383.3% during the second quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 6,683 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Siebert Financial in the 2nd quarter worth about $34,000. Invesco Ltd. acquired a new stake in shares of Siebert Financial during the 2nd quarter worth about $45,000. Los Angeles Capital Management LLC bought a new position in Siebert Financial during the 2nd quarter valued at about $48,000. Finally, Jane Street Group LLC lifted its holdings in Siebert Financial by 40.9% during the 1st quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 4,775 shares during the last quarter. Institutional investors and hedge funds own 1.52% of the company’s stock.

Analysts Set New Price Targets

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

Siebert Financial Stock Performance

Shares of NASDAQ:SIEB traded down $0.07 during trading on Tuesday, hitting $2.48. 20,396 shares of the stock were exchanged, compared to its average volume of 22,074. The company has a market capitalization of $100.27 million, a price-to-earnings ratio of 13.78 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.14 and a current ratio of 1.14. Siebert Financial has a 1-year low of $2.08 and a 1-year high of $5.77. The company’s fifty day simple moving average is $3.25 and its 200-day simple moving average is $3.12.

About Siebert Financial

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.