Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Up 10.4% in October

Posted by Scott Moore on Oct 30th, 2024

Binah Capital Group, Inc. (NASDAQ:BCG – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 33,000 shares, a growth of 10.4% from the September 30th total of 29,900 shares. Based on an average daily volume of 25,900 shares, the short-interest ratio is presently 1.3 days. Approximately 0.7% of the company’s stock are short sold.

Binah Capital Group Stock Down 2.4 %

Shares of BCG stock opened at $2.05 on Wednesday. Binah Capital Group has a 52-week low of $1.85 and a 52-week high of $16.61. The company has a 50-day simple moving average of $2.88 and a two-hundred day simple moving average of $4.78.

Binah Capital Group (NASDAQ:BCG – Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $40.65 million for 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 filing with the SEC. The institutional investor 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. 4.97% of the stock is currently owned by institutional investors.

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.