Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Update

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 69,700 shares, a growth of 138.7% from the October 31st total of 29,200 shares. Based on an average daily volume of 435,400 shares, the short-interest ratio is currently 0.2 days. Currently, 1.4% of the shares of the stock are short sold.

Binah Capital Group Price Performance

NASDAQ:BCG traded up $0.03 during trading hours on Friday, hitting $2.58. 22,294 shares of the stock were exchanged, compared to its average volume of 309,971. The firm’s fifty day moving average price is $2.64 and its 200 day moving average price is $4.20. Binah Capital Group has a 52-week low of $1.85 and a 52-week high of $16.61.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Binah Capital Group stock. Privium Fund Management B.V. bought a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 50,744 shares of the company’s stock, valued at approximately $315,000. Privium Fund Management B.V. owned about 0.31% of Binah Capital Group at the end of the most recent reporting period. Institutional investors own 4.97% of the company’s stock.

About Binah Capital Group

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.