Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Up 408.1% in February

Binah Capital Group, Inc. (NASDAQ:BCG) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 410,000 shares, a growth of 408.1% from the February 13th total of 80,700 shares. Based on an average trading volume of 1,300,000 shares, the short-interest ratio is currently 0.3 days. Currently, 8.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. Two Sigma Investments LP purchased a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,871 shares of the company’s stock, valued at approximately $79,000. Two Sigma Investments LP owned about 0.16% of Binah Capital Group as of its most recent SEC filing. 4.97% of the stock is owned by hedge funds and other institutional investors.

Binah Capital Group Trading Down 0.5 %

BCG opened at $2.02 on Thursday. The business’s 50-day simple moving average is $2.30 and its 200 day simple moving average is $2.59. Binah Capital Group has a 52-week low of $1.71 and a 52-week high of $16.61.

Binah Capital Group Company Profile

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.