Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Update

Siebert Financial Corp. (NASDAQ:SIEB) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 192,437 shares, a decrease of 55.9% from the June 15th total of 436,670 shares. Based on an average daily trading volume, of 196,236 shares, the short-interest ratio is currently 1.0 days. Currently, 0.9% of the shares of the company are sold short.

Institutional Investors Weigh In On Siebert Financial

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Siebert Financial by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 723,975 shares of the financial services provider’s stock valued at $2,114,000 after acquiring an additional 38,318 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Siebert Financial by 81.8% during the 2nd quarter. Geode Capital Management LLC now owns 400,488 shares of the financial services provider’s stock worth $1,770,000 after purchasing an additional 180,186 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of Siebert Financial by 156.2% in the third quarter. Bridgeway Capital Management LLC now owns 64,060 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 39,060 shares during the period. WINTON GROUP Ltd bought a new position in shares of Siebert Financial in the third quarter worth $172,000. Finally, Dimensional Fund Advisors LP raised its stake in Siebert Financial by 91.3% in the third quarter. Dimensional Fund Advisors LP now owns 58,709 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 28,013 shares in the last quarter. Institutional investors and hedge funds own 1.52% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Siebert Financial in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Siebert Financial Stock Performance

Siebert Financial stock traded up $0.01 during midday trading on Wednesday, hitting $1.69. The company’s stock had a trading volume of 1,358 shares, compared to its average volume of 44,509. Siebert Financial has a 1-year low of $1.56 and a 1-year high of $4.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50-day moving average price of $1.79 and a two-hundred day moving average price of $2.19. The company has a market cap of $68.99 million, a price-to-earnings ratio of -12.03 and a beta of 0.92.

Siebert Financial (NASDAQ:SIEB) last announced its earnings results on Friday, May 15th. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter. Siebert Financial had a negative return on equity of 6.14% and a negative net margin of 6.21%.The business had revenue of $23.47 million for the quarter.

About Siebert Financial

Siebert Financial Corp., trading on the Nasdaq under the symbol SIEB, is the bank holding company for Siebert Bank & Trust, offering a full range of community banking services. Through its subsidiary, the company provides traditional deposit products, lending solutions and digital banking capabilities designed to meet the needs of individuals, businesses and agricultural customers.

Siebert’s product suite includes checking and savings accounts, certificates of deposit and money market instruments, alongside consumer and mortgage loans, agricultural lending and commercial credit facilities.