Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Update

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 99,975 shares, a drop of 24.1% from the November 30th total of 131,760 shares. Based on an average daily volume of 60,630 shares, the short-interest ratio is currently 1.6 days. Approximately 0.6% of the shares of the stock are sold short. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 60,630 shares, the short-interest ratio is currently 1.6 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Binah Capital Group in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Binah Capital Group

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

Binah Capital Group Price Performance

Shares of BCG opened at $2.25 on Tuesday. The firm has a 50 day simple moving average of $2.09 and a 200-day simple moving average of $2.00. Binah Capital Group has a 1-year low of $1.36 and a 1-year high of $5.81. The stock has a market cap of $37.35 million, a price-to-earnings ratio of 75.03 and a beta of 0.34.

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

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.