Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Declines By 41.0%

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 47,500 shares, a decline of 41.0% from the March 31st total of 80,500 shares. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.0% of the shares of the stock are short sold.

Binah Capital Group Trading Up 4.6 %

BCG stock opened at $2.27 on Thursday. Binah Capital Group has a 52 week low of $1.71 and a 52 week high of $12.22. The company has a market capitalization of $37.69 million, a price-to-earnings ratio of -7.09 and a beta of 0.50. The firm’s 50-day moving average is $2.08 and its two-hundred day moving average is $2.35.

Binah Capital Group (NASDAQ:BCG) last released its earnings results on Monday, March 31st. The company reported ($0.07) EPS for the quarter. Binah Capital Group had a negative return on equity of 205.99% and a negative net margin of 3.06%. The business had revenue of $44.61 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Binah Capital Group stock. Two Sigma Investments LP bought a new position in Binah Capital Group, Inc. (NASDAQ:BCG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 as of its most recent SEC filing. 4.97% of the stock is owned by hedge funds and other institutional investors.

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.