Binah Capital Group, Inc. (NASDAQ:BCG) Sees Large Increase in Short Interest

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 48,244 shares, a growth of 42.0% from the January 15th total of 33,973 shares. Based on an average daily trading volume, of 11,265 shares, the days-to-cover ratio is presently 4.3 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 11,265 shares, the days-to-cover ratio is presently 4.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Binah Capital Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in Binah Capital Group, Inc. (NASDAQ:BCG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 33,482 shares of the company’s stock, valued at approximately $58,000. GRIMES & Co WEALTH MANAGEMENT LLC owned 0.20% of Binah Capital Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.97% of the company’s stock.

Binah Capital Group Stock Up 5.9%

NASDAQ:BCG opened at $2.17 on Tuesday. Binah Capital Group has a 12 month low of $1.36 and a 12 month high of $5.81. The company’s 50 day moving average is $2.41 and its 200-day moving average is $2.10. The firm has a market cap of $36.02 million, a price-to-earnings ratio of 72.36 and a beta of 0.33.

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. The company was founded in 2016 and is headquartered in Albany, New York.