Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Update

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 69,700 shares, an increase of 138.7% from the October 31st total of 29,200 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average trading volume of 435,400 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Binah Capital Group stock. Privium Fund Management B.V. bought a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 reporting period. 4.97% of the stock is owned by hedge funds and other institutional investors.

Binah Capital Group Price Performance

Shares of BCG opened at $2.58 on Friday. Binah Capital Group has a 1 year low of $1.85 and a 1 year high of $16.61. The firm has a fifty day moving average of $2.64 and a 200-day moving average of $4.20.

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.