Binah Capital Group, Inc. (NASDAQ:BCG) Sees Significant Growth in Short Interest

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 5,607 shares, an increase of 132.4% from the September 30th total of 2,413 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 18,405 shares, the days-to-cover ratio is presently 0.3 days.

Binah Capital Group Trading Down 0.5%

BCG stock traded down $0.01 on Friday, hitting $1.07. The company had a trading volume of 10,084 shares, compared to its average volume of 201,999. Binah Capital Group has a 12-month low of $0.95 and a 12-month high of $3.44. The stock’s 50-day simple moving average is $1.19 and its 200 day simple moving average is $1.71. The stock has a market cap of $18.34 million, a price-to-earnings ratio of 5.97 and a beta of 0.31.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Binah Capital Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Binah Capital Group stock. Citadel Advisors LLC bought a new stake in shares of Binah Capital Group, Inc. (NASDAQ:BCG) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 32,395 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned about 0.19% of Binah Capital Group at the end of the most recent quarter. Hedge funds and other institutional investors own 4.97% of the company’s stock.

Binah Capital Group Company Profile

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.