Siebert Financial Corp. (NASDAQ:SIEB - Get Free Report) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 82,400 shares, a decline of 15.0% from the February 13th total of 96,900 shares. Currently, 0.6% of the company's shares are short sold. Based on an average daily volume of 20,500 shares, the short-interest ratio is presently 4.0 days.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on shares of Siebert Financial in a research note on Tuesday, March 18th. They set a "hold" rating for the company.
Check Out Our Latest Stock Analysis on Siebert Financial
Siebert Financial Trading Up 0.4 %
NASDAQ SIEB traded up $0.01 during mid-day trading on Friday, reaching $2.65. 27,829 shares of the stock were exchanged, compared to its average volume of 24,357. Siebert Financial has a one year low of $1.41 and a one year high of $3.34. The stock has a 50 day simple moving average of $2.71 and a 200-day simple moving average of $2.66. The stock has a market cap of $106.32 million, a P/E ratio of 10.19 and a beta of 0.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13.
Hedge Funds Weigh In On Siebert Financial
A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in Siebert Financial by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock worth $685,000 after buying an additional 10,053 shares during the last quarter. Northern Trust Corp increased its stake in Siebert Financial by 15.1% in the fourth quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider's stock valued at $128,000 after purchasing an additional 5,323 shares in the last quarter. Renaissance Technologies LLC increased its stake in Siebert Financial by 275.0% in the fourth quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider's stock valued at $123,000 after purchasing an additional 28,600 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Siebert Financial in the fourth quarter valued at $37,000. Institutional investors own 1.52% of the company's stock.
Siebert Financial Company Profile
(
Get Free Report)
Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.
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