Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Up 138.7% in November

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 69,700 shares, a growth of 138.7% from the October 31st total of 29,200 shares. Based on an average trading volume of 435,400 shares, the short-interest ratio is currently 0.2 days. Approximately 1.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. Privium Fund Management B.V. acquired a new stake in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 as of its most recent SEC filing. 4.97% of the stock is currently owned by institutional investors.

Binah Capital Group Stock Down 3.8 %

Shares of BCG stock traded down $0.10 on Thursday, hitting $2.55. 245,855 shares of the stock traded hands, compared to its average volume of 311,664. The firm has a 50 day simple moving average of $2.66 and a two-hundred day simple moving average of $4.23. Binah Capital Group has a 52 week low of $1.85 and a 52 week high of $16.61.

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.