Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Up 78.1% in June

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 19,960 shares, an increase of 78.1% from the May 31st total of 11,209 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 26,151 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Binah Capital Group in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Binah Capital Group presently has a consensus rating of “Sell”.

Binah Capital Group Trading Down 0.6%

Shares of NASDAQ BCG opened at $1.53 on Thursday. Binah Capital Group has a 12-month low of $1.36 and a 12-month high of $3.44. The company has a market cap of $25.72 million, a P/E ratio of 10.93 and a beta of 0.27. The stock has a fifty day moving average price of $1.73 and a 200 day moving average price of $2.07.

Binah Capital Group (NASDAQ:BCG) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.09 EPS for the quarter. Binah Capital Group had a return on equity of 260.70% and a net margin of 1.70%.The company had revenue of $48.70 million for the quarter.

Hedge Funds Weigh In On Binah Capital Group

A hedge fund recently raised its position in Binah Capital Group stock. State Street Corp grew its position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) by 54.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,100 shares of the company’s stock after purchasing an additional 8,800 shares during the period. State Street Corp owned approximately 0.15% of Binah Capital Group worth $72,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 4.97% of the company’s stock.

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. The company was founded in 2016 and is headquartered in Albany, New York.