Siebert Financial Corp. (NASDAQ:SIEB) was the target of a large drop in short interest during the month of November. As of November 29th, there was short interest totalling 438,800 shares, a drop of 7.4% from the November 14th total of 474,100 shares. Currently, 6.7% of the company’s shares are sold short. Based on an average daily volume of 7,200 shares, the short-interest ratio is currently 60.9 days.
Shares of NASDAQ:SIEB traded down $0.12 during trading on Friday, reaching $9.98. 14,849 shares of the stock were exchanged, compared to its average volume of 8,017. Siebert Financial has a 12 month low of $8.17 and a 12 month high of $14.75. The firm has a market cap of $275.64 million, a PE ratio of 31.72 and a beta of 0.16. The stock has a 50-day moving average price of $9.94 and a 200-day moving average price of $9.75. The company has a current ratio of 15.91, a quick ratio of 15.91 and a debt-to-equity ratio of 0.14.
In other news, major shareholder Gloria E. Gebbia sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $1.90, for a total value of $95,000.00. Following the transaction, the insider now directly owns 7,658,500 shares in the company, valued at approximately $14,551,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 67.02% of the stock is owned by company insiders.
Separately, ValuEngine raised Siebert Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
Siebert Financial Company Profile
Siebert Financial Corp., through its subsidiaries, engages in the retail discount brokerage and investment advisory businesses. The company offers online and traditional brokerage, and related services to retail investors through a broker on the telephone, a wireless device, or through the Internet; various value added services, such as access to account information; independent retail execution services; and retail customer services.
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