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

Binah Capital Group, Inc. (NASDAQ:BCG) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 100,800 shares, an increase of 320.0% from the December 31st total of 24,000 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average trading volume of 605,200 shares, the short-interest ratio is currently 0.2 days.

Binah Capital Group Price Performance

NASDAQ BCG traded up $0.02 during trading on Thursday, hitting $1.99. 38,858 shares of the company’s stock traded hands, compared to its average volume of 55,844. The business has a 50 day moving average of $2.61 and a 200-day moving average of $3.02. Binah Capital Group has a 12-month low of $1.85 and a 12-month high of $16.61.

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.