Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Down 55.9% in June

Siebert Financial Corp. (NASDAQ:SIEB) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 192,437 shares, a decrease of 55.9% from the June 15th total of 436,670 shares. Based on an average daily trading volume, of 196,236 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.9% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Siebert Financial in a report on Friday, June 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Siebert Financial has an average rating of “Sell”.

Hedge Funds Weigh In On Siebert Financial

Several institutional investors have recently added to or reduced their stakes in SIEB. Jane Street Group LLC raised its position in Siebert Financial by 40.9% in the first quarter. Jane Street Group LLC now owns 16,443 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 4,775 shares during the period. Wells Fargo & Company MN increased its stake in shares of Siebert Financial by 48.9% during the 4th quarter. Wells Fargo & Company MN now owns 15,818 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 5,198 shares during the last quarter. Williams & Novak LLC raised its holdings in shares of Siebert Financial by 38.6% in the 2nd quarter. Williams & Novak LLC now owns 21,900 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 6,100 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Siebert Financial by 111,383.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,689 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 6,683 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Siebert Financial in the second quarter valued at approximately $34,000. Institutional investors own 1.52% of the company’s stock.

Siebert Financial Stock Performance

Shares of NASDAQ SIEB traded up $0.02 during midday trading on Tuesday, reaching $1.67. The company’s stock had a trading volume of 1,432 shares, compared to its average volume of 44,800. The stock has a market capitalization of $68.21 million, a P/E ratio of -11.90 and a beta of 0.92. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day moving average price of $1.79 and a 200-day moving average price of $2.21. Siebert Financial has a 12-month low of $1.56 and a 12-month high of $4.30.

Siebert Financial (NASDAQ:SIEB) last issued its quarterly earnings results on Friday, May 15th. The financial services provider reported ($0.05) EPS for the quarter. Siebert Financial had a negative return on equity of 6.14% and a negative net margin of 6.21%.The business had revenue of $23.47 million for the quarter.

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.