Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Drops By 11.6%

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 80,700 shares, a drop of 11.6% from the January 31st total of 91,300 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 204,900 shares, the days-to-cover ratio is presently 0.4 days.

Binah Capital Group Stock Performance

Shares of NASDAQ:BCG opened at $2.29 on Friday. Binah Capital Group has a 52-week low of $1.71 and a 52-week high of $16.61. The business has a 50-day moving average price of $2.36 and a 200-day moving average price of $2.62.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Binah Capital Group stock. Two Sigma Investments LP purchased a new stake in shares of Binah Capital Group, Inc. (NASDAQ:BCG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 26,871 shares of the company’s stock, valued at approximately $79,000. Two Sigma Investments LP owned approximately 0.16% of Binah Capital Group at the end of the most recent quarter. 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.