Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Down 32.1% in July

Binah Capital Group, Inc. (NASDAQ:BCG – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 10,009 shares, a decline of 32.1% from the June 30th total of 14,731 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 16,279 shares, the days-to-cover ratio is presently 0.6 days.

Binah Capital Group Stock Performance

Binah Capital Group stock opened at $1.45 on Friday. Binah Capital Group has a 52-week low of $1.36 and a 52-week high of $3.44. The firm has a 50 day moving average price of $1.53 and a two-hundred day moving average price of $1.92. The firm has a market cap of $24.37 million, a price-to-earnings ratio of 10.36 and a beta of 0.27.

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Binah Capital Group (NASDAQ:BCG – Get Free Report) last issued its quarterly 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 firm had revenue of $48.70 million for the quarter.

Hedge Funds Weigh In On Binah Capital Group

An institutional investor recently raised its stake in Binah Capital Group stock. State Street Corp raised its position in shares of Binah Capital Group, Inc. (NASDAQ:BCG – Free Report) by 54.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,100 shares of the company’s stock after acquiring an additional 8,800 shares during the quarter. State Street Corp owned about 0.15% of Binah Capital Group worth $72,000 as of its most recent SEC filing. Institutional investors and hedge funds own 4.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Binah Capital Group in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Binah Capital Group currently has an average rating of “Sell”.

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About Binah Capital Group

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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.

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