Binah Capital Group, Inc. (NASDAQ:BCG – Get Free Report) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 60,900 shares, a growth of 563.8% from the July 30th total of 9,175 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 96,026 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Investors Weigh In On Binah Capital Group
A hedge fund recently raised its stake in Binah Capital Group stock. State Street Corp increased its stake in shares of Binah Capital Group, Inc. (NASDAQ:BCG – Free Report) by 54.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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. Institutional investors and hedge funds own 4.97% of the company’s stock.
Binah Capital Group Price Performance
NASDAQ:BCG traded down $0.01 during trading hours on Thursday, hitting $1.44. The company’s stock had a trading volume of 18,277 shares, compared to its average volume of 252,254. Binah Capital Group has a twelve month low of $1.26 and a twelve month high of $3.44. The stock has a fifty day simple moving average of $1.47 and a 200-day simple moving average of $1.80. The company has a market capitalization of $24.58 million, a P/E ratio of 8.08 and a beta of 0.27.
Analysts Set New Price Targets
Read Our Latest Analysis on Binah Capital Group
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. The company was founded in 2016 and is headquartered in Albany, New York.
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