Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Down 16.1% in September

Posted by Renee Jackson on Sep 30th, 2024

Binah Capital Group, Inc. (NASDAQ:BCG – Get Free Report) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 27,700 shares, a drop of 16.1% from the August 31st total of 33,000 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 26,400 shares, the short-interest ratio is currently 1.0 days.

Binah Capital Group Price Performance

BCG traded down $0.15 during trading on Monday, reaching $3.02. The company’s stock had a trading volume of 4,658 shares, compared to its average volume of 192,941. The stock has a fifty day simple moving average of $3.52. Binah Capital Group has a 1 year low of $2.60 and a 1 year high of $16.61.

Binah Capital Group (NASDAQ:BCG – Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $40.65 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Binah Capital Group stock. Privium Fund Management B.V. bought a new stake in Binah Capital Group, Inc. (NASDAQ:BCG – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 50,744 shares of the company’s stock, valued at approximately $315,000. Privium Fund Management B.V. owned approximately 0.31% of Binah Capital Group at the end of the most recent reporting period. Institutional investors own 4.97% of the company’s stock.

Binah Capital Group Company Profile

(Get Free Report)

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.