Binah Capital Group, Inc. (NASDAQ:BCG) Sees Large Drop in Short Interest

Binah Capital Group, Inc. (NASDAQ:BCG) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 18,300 shares, a drop of 73.7% from the November 15th total of 69,700 shares. Based on an average daily volume of 444,100 shares, the short-interest ratio is currently 0.0 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Trading of Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. Privium Fund Management B.V. acquired a new stake in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 50,744 shares of the company’s stock, valued at approximately $315,000. Privium Fund Management B.V. owned approximately 0.31% of Binah Capital Group as of its most recent filing with the Securities & Exchange Commission. 4.97% of the stock is currently owned by hedge funds and other institutional investors.

Binah Capital Group Stock Performance

Shares of BCG traded up $0.08 during midday trading on Wednesday, hitting $2.99. The stock had a trading volume of 3,435 shares, compared to its average volume of 298,333. Binah Capital Group has a fifty-two week low of $1.85 and a fifty-two week high of $16.61. The business has a 50-day simple moving average of $2.59 and a two-hundred day simple moving average of $4.09.

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.