Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Down 11.5% in October

Binah Capital Group, Inc. (NASDAQ:BCG - Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 29,200 shares, a decline of 11.5% from the October 15th total of 33,000 shares. Based on an average daily trading volume, of 397,600 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Investors Weigh In On 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 Binah Capital Group, Inc. (NASDAQ:BCG - Free Report) during the second quarter, according to 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 at the end of the most recent quarter. 4.97% of the stock is currently owned by hedge funds and other institutional investors.

Binah Capital Group Price Performance

Binah Capital Group stock remained flat at $3.49 during trading hours on Friday. 183,025 shares of the company's stock were exchanged, compared to its average volume of 1,337,492. The stock has a fifty day moving average price of $2.68 and a 200 day moving average price of $4.40. Binah Capital Group has a 12-month low of $1.85 and a 12-month high of $16.61.

Binah Capital Group (NASDAQ:BCG - Get Free Report) last posted its earnings results on Thursday, August 15th. The company reported ($0.04) EPS for the quarter. Binah Capital Group had a negative return on equity of 148.02% and a negative net margin of 2.04%. The company had revenue of $40.65 million during the quarter.

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.