Siebert Financial Corp. (NASDAQ:SIEB) Short Interest Down 26.3% in January

Siebert Financial Corp. (NASDAQ:SIEB) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 346,155 shares, a decrease of 26.3% from the December 31st total of 469,706 shares. Based on an average daily volume of 15,785 shares, the days-to-cover ratio is currently 21.9 days. Approximately 1.6% of the shares of the company are short sold. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 15,785 shares, the days-to-cover ratio is currently 21.9 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Siebert Financial in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SIEB. JPMorgan Chase & Co. grew its position in Siebert Financial by 175.8% during the third quarter. JPMorgan Chase & Co. now owns 18,448 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 11,759 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of Siebert Financial by 156.2% in the 3rd quarter. Bridgeway Capital Management LLC now owns 64,060 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 39,060 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Siebert Financial during the 3rd quarter valued at approximately $172,000. Russell Investments Group Ltd. acquired a new stake in Siebert Financial during the third quarter worth about $92,000. Finally, Dimensional Fund Advisors LP increased its position in Siebert Financial by 91.3% in the third quarter. Dimensional Fund Advisors LP now owns 58,709 shares of the financial services provider’s stock worth $171,000 after buying an additional 28,013 shares during the period. 1.52% of the stock is currently owned by institutional investors and hedge funds.

Siebert Financial Stock Up 2.1%

Shares of SIEB stock traded up $0.06 during trading on Friday, reaching $2.97. The company’s stock had a trading volume of 36,268 shares, compared to its average volume of 16,926. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $120.08 million, a price-to-earnings ratio of 16.50 and a beta of 0.90. The stock’s 50-day moving average price is $3.32 and its 200 day moving average price is $3.22. Siebert Financial has a 1-year low of $2.08 and a 1-year high of $5.77.

Siebert Financial (NASDAQ:SIEB) last posted its quarterly earnings results on Wednesday, November 12th. The financial services provider reported $0.04 EPS for the quarter. The company had revenue of $26.85 million during the quarter. Siebert Financial had a net margin of 8.05% and a return on equity of 8.08%.

About Siebert Financial

Siebert Financial Corp., trading on the Nasdaq under the symbol SIEB, is the bank holding company for Siebert Bank & Trust, offering a full range of community banking services. Through its subsidiary, the company provides traditional deposit products, lending solutions and digital banking capabilities designed to meet the needs of individuals, businesses and agricultural customers.

Siebert’s product suite includes checking and savings accounts, certificates of deposit and money market instruments, alongside consumer and mortgage loans, agricultural lending and commercial credit facilities.