Short Interest in Binah Capital Group, Inc. (NASDAQ:BCG) Decreases By 36.0%

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 11,209 shares, a decrease of 36.0% from the May 14th total of 17,516 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 59,196 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Binah Capital Group in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Binah Capital Group

A hedge fund recently raised its stake in Binah Capital Group stock. State Street Corp grew its position in Binah Capital Group, Inc. (NASDAQ:BCG) by 54.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,100 shares of the company’s stock after purchasing an additional 8,800 shares during the quarter. State Street Corp owned approximately 0.15% of Binah Capital Group worth $72,000 at the end of the most recent reporting period. 4.97% of the stock is currently owned by institutional investors and hedge funds.

Binah Capital Group Price Performance

Binah Capital Group stock opened at $1.55 on Monday. The firm has a market cap of $26.06 million, a PE ratio of 11.07 and a beta of 0.27. Binah Capital Group has a 52-week low of $1.36 and a 52-week high of $3.44. The company’s 50 day moving average is $1.86 and its two-hundred day moving average is $2.17.

Binah Capital Group (NASDAQ:BCG) last released its earnings results on Friday, May 15th. The company reported $0.09 earnings per share (EPS) for the quarter. Binah Capital Group had a net margin of 1.70% and a return on equity of 260.70%. The company had revenue of $48.70 million for the quarter.

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.