Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Down 15.0% in February

Siebert Financial Corp. (NASDAQ:SIEB) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 82,400 shares, a decline of 15.0% from the February 13th total of 96,900 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 20,500 shares, the short-interest ratio is presently 4.0 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Siebert Financial in a research note on Tuesday. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in shares of Siebert Financial during the fourth quarter worth about $37,000. Renaissance Technologies LLC boosted its stake in Siebert Financial by 275.0% during the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 28,600 shares during the period. Northern Trust Corp grew its position in Siebert Financial by 15.1% in the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 5,323 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Siebert Financial by 70.4% in the third quarter. Geode Capital Management LLC now owns 206,788 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 85,456 shares during the period. Institutional investors and hedge funds own 1.52% of the company’s stock.

Siebert Financial Price Performance

Shares of SIEB opened at $2.40 on Wednesday. The firm has a market capitalization of $96.33 million, a PE ratio of 9.23 and a beta of 0.46. The stock’s 50 day moving average is $2.74 and its two-hundred day moving average is $2.65. Siebert Financial has a twelve month low of $1.41 and a twelve month high of $3.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.