Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Up 19.5% in January

Siebert Financial Corp. (NASDAQ:SIEB) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 413,818 shares, a growth of 19.5% from the January 15th total of 346,155 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 19,264 shares, the short-interest ratio is presently 21.5 days. Based on an average daily volume of 19,264 shares, the short-interest ratio is presently 21.5 days. Approximately 1.9% of the shares of the stock are sold short.

Siebert Financial Stock Down 2.7%

Shares of NASDAQ SIEB traded down $0.07 during mid-day trading on Tuesday, reaching $2.48. The company had a trading volume of 20,396 shares, compared to its average volume of 22,074. The stock has a market capitalization of $100.27 million, a PE ratio of 13.78 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.14 and a current ratio of 1.14. Siebert Financial has a twelve month low of $2.08 and a twelve month high of $5.77. The stock’s 50 day moving average is $3.25 and its 200-day moving average is $3.12.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Siebert Financial in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Siebert Financial currently has an average rating of “Hold”.

Institutional Investors Weigh In On Siebert Financial

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in shares of Siebert Financial by 111,383.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 6,683 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Siebert Financial during the second quarter worth approximately $34,000. Invesco Ltd. bought a new stake in Siebert Financial during the second quarter worth approximately $45,000. Los Angeles Capital Management LLC acquired a new position in Siebert Financial during the second quarter valued at approximately $48,000. Finally, Wells Fargo & Company MN raised its position in shares of Siebert Financial by 48.9% in the fourth quarter. Wells Fargo & Company MN now owns 15,818 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 5,198 shares during the period. Institutional investors and hedge funds own 1.52% of the company’s stock.

About Siebert Financial

Siebert Financial Corp., trading on the Nasdaq under the symbol SIEB, is the bank holding company for Siebert Bank & Trust, offering a full range of community banking services. Through its subsidiary, the company provides traditional deposit products, lending solutions and digital banking capabilities designed to meet the needs of individuals, businesses and agricultural customers.

Siebert’s product suite includes checking and savings accounts, certificates of deposit and money market instruments, alongside consumer and mortgage loans, agricultural lending and commercial credit facilities.