Binah Capital Group, Inc. (NASDAQ:BCG) Sees Significant Decrease in Short Interest

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 33,973 shares, a decline of 47.5% from the December 31st total of 64,685 shares. Based on an average daily trading volume, of 18,829 shares, the short-interest ratio is currently 1.8 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 18,829 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Binah Capital Group stock. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in Binah Capital Group, Inc. (NASDAQ:BCG) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 33,482 shares of the company’s stock, valued at approximately $58,000. GRIMES & Co WEALTH MANAGEMENT LLC owned about 0.20% of Binah Capital Group as of its most recent filing with the SEC. 4.97% of the stock is currently owned by institutional investors and hedge funds.

Binah Capital Group Stock Down 0.9%

Shares of NASDAQ:BCG opened at $2.28 on Friday. Binah Capital Group has a 12 month low of $1.36 and a 12 month high of $5.81. The company’s fifty day simple moving average is $2.49 and its 200 day simple moving average is $2.09. The firm has a market cap of $37.85 million, a price-to-earnings ratio of 76.03 and a beta of 0.33.

Binah Capital Group (NASDAQ:BCG) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.08 EPS for the quarter. The business had revenue of $46.20 million for the quarter. Binah Capital Group had a net margin of 0.58% and a return on equity of 509.27%.

Wall Street Analysts Forecast Growth

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, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.