Binah Capital Group, Inc. (NASDAQ:BCG – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 5,607 shares, a growth of 132.4% from the September 30th total of 2,413 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 18,405 shares, the short-interest ratio is currently 0.3 days.
Binah Capital Group Stock Performance
Shares of NASDAQ:BCG opened at $1.08 on Friday. The firm’s 50-day moving average is $1.18 and its 200 day moving average is $1.70. Binah Capital Group has a 12 month low of $0.95 and a 12 month high of $3.44. The company has a market capitalization of $18.42 million, a price-to-earnings ratio of 6.00 and a beta of 0.31.
Hedge Funds Weigh In On Binah Capital Group
An institutional investor recently bought a new stake in Binah Capital Group stock. Citadel Advisors LLC acquired a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 32,395 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned 0.19% of Binah Capital Group as of its most recent SEC filing. 4.97% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings cut Binah Capital Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on Binah Capital Group
About Binah Capital Group
Binah Capital Group, Inc (NASDAQ: BCG) is a wealth management company that provides services and support to independent financial advisors and their clients in the United States. The company operates as a holding company for wealth management businesses serving individuals, families and institutions.
Through its operating businesses, Binah Capital offers brokerage and investment advisory services, financial planning, retirement planning, insurance solutions and access to investment products.
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