Binah Capital Group, Inc. (NASDAQ:BCG) Stock Short Interest Report for October

Binah Capital Group, Inc. (NASDAQ:BCG) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 5,607 shares, a growth of 132.4% from the September 30th total of 2,413 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 18,405 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Binah Capital Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Binah Capital Group Stock Performance

BCG stock traded down $0.01 during midday trading on Friday, reaching $1.07. The company’s stock had a trading volume of 10,084 shares, compared to its average volume of 201,999. The firm has a market capitalization of $18.34 million, a price-to-earnings ratio of 5.97 and a beta of 0.31. The stock has a fifty day simple moving average of $1.19 and a two-hundred day simple moving average of $1.71. Binah Capital Group has a 1 year low of $0.95 and a 1 year high of $3.44.

Institutional Trading of Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. Citadel Advisors LLC bought a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 32,395 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned about 0.19% of Binah Capital Group at the end of the most recent reporting period. Institutional investors and hedge funds own 4.97% of the company’s stock.

Binah Capital Group Company Profile

Binah Capital Group, Inc (NASDAQ: BCG) is a wealth management company that provides services and support to independent financial advisors and their clients in the United States. The company operates as a holding company for wealth management businesses serving individuals, families and institutions.

Through its operating businesses, Binah Capital offers brokerage and investment advisory services, financial planning, retirement planning, insurance solutions and access to investment products.