Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Update

Posted by Teresa Graham on Oct 17th, 2024

Binah Capital Group, Inc. (NASDAQ:BCG – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 29,900 shares, an increase of 7.9% from the September 15th total of 27,700 shares. Based on an average trading volume of 25,400 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.6% of the shares of the stock are short sold.

Binah Capital Group Trading Up 1.6 %

Binah Capital Group stock opened at $2.58 on Thursday. The firm’s 50-day simple moving average is $3.09 and its 200 day simple moving average is $5.18. Binah Capital Group has a 52 week low of $2.40 and a 52 week high of $16.61.

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

Institutional Trading of Binah Capital Group

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

About Binah Capital Group

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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.