Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Down 70.0% in March

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 123,100 shares, a decrease of 70.0% from the February 28th total of 410,000 shares. Based on an average trading volume of 1,300,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.5% of the company’s stock are short sold.

Binah Capital Group Stock Up 0.5 %

NASDAQ BCG opened at $2.01 on Friday. The company has a 50-day moving average price of $2.15 and a 200-day moving average price of $2.49. Binah Capital Group has a 52 week low of $1.71 and a 52 week high of $16.61.

Institutional Investors Weigh In On Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. Two Sigma Investments LP acquired a new stake in Binah Capital Group, Inc. (NASDAQ:BCG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,871 shares of the company’s stock, valued at approximately $79,000. Two Sigma Investments LP owned about 0.16% of Binah Capital Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.97% of the company’s stock.

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.