Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Down 55.1% in April

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 53,415 shares, a decrease of 55.1% from the April 15th total of 119,059 shares. Based on an average daily volume of 56,637 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Binah Capital Group in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Binah Capital Group Trading Down 1.3%

NASDAQ BCG traded down $0.03 during trading on Friday, hitting $1.91. 3,420 shares of the company’s stock were exchanged, compared to its average volume of 415,387. The company has a market cap of $31.85 million, a PE ratio of 17.64 and a beta of 0.34. Binah Capital Group has a fifty-two week low of $1.36 and a fifty-two week high of $3.44. The stock’s 50 day moving average price is $2.05 and its two-hundred day moving average price is $2.18.

Binah Capital Group (NASDAQ:BCG) last issued its earnings results on Tuesday, March 31st. The company reported $0.01 EPS for the quarter. The firm had revenue of $50.51 million during the quarter. Binah Capital Group had a return on equity of 421.57% and a net margin of 1.23%.

Institutional Trading of Binah Capital Group

An institutional investor recently raised its position in Binah Capital Group stock. State Street Corp boosted its stake in Binah Capital Group, Inc. (NASDAQ:BCG) by 54.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,100 shares of the company’s stock after acquiring an additional 8,800 shares during the period. State Street Corp owned 0.15% of Binah Capital Group worth $72,000 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.