Cohen & Company Inc. (NYSEAMERICAN:COHN) Sees Significant Increase in Short Interest

Cohen & Company Inc. (NYSEAMERICAN:COHN) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 13,800 shares, a growth of 11.3% from the October 15th total of 12,400 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average trading volume of 12,500 shares, the days-to-cover ratio is presently 1.1 days.

Cohen & Company Inc. Price Performance

Cohen & Company Inc. stock traded up $0.21 during mid-day trading on Monday, reaching $9.91. The company had a trading volume of 17,000 shares, compared to its average volume of 11,822. Cohen & Company Inc. has a 52 week low of $6.04 and a 52 week high of $12.82. The company has a market cap of $19.32 million, a PE ratio of 2.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.01 and a quick ratio of 1.01.

Cohen & Company Inc. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.00 dividend on an annualized basis and a yield of 10.09%. Cohen & Company Inc.’s payout ratio is 24.45%.

Institutional Investors Weigh In On Cohen & Company Inc.

A hedge fund recently bought a new stake in Cohen & Company Inc. stock. Renaissance Technologies LLC purchased a new position in shares of Cohen & Company Inc. (NYSEAMERICAN:COHN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,300 shares of the financial services provider’s stock, valued at approximately $136,000. Renaissance Technologies LLC owned approximately 0.79% of Cohen & Company Inc. as of its most recent filing with the SEC. 14.26% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Company Inc. Company Profile

Cohen & Company Inc is a publicly owned investment manager. The firm primarily provides its services to individuals and institutions. It manages separate client-focused fixed income portfolios. Institutional Financial Markets, Inc also manages funds and collateralized debt obligations for its clients.