Binah Capital Group, Inc. (NASDAQ:BCG) Short Interest Down 70.0% in March

Binah Capital Group, Inc. (NASDAQ:BCG) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 123,100 shares, a decline of 70.0% from the February 28th total of 410,000 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,300,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Binah Capital Group

An institutional investor recently bought a new position in Binah Capital Group stock. Two Sigma Investments LP acquired a new position in Binah Capital Group, Inc. (NASDAQ:BCG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 26,871 shares of the company’s stock, valued at approximately $79,000. Two Sigma Investments LP owned approximately 0.16% of Binah Capital Group at the end of the most recent quarter. Hedge funds and other institutional investors own 4.97% of the company’s stock.

Binah Capital Group Stock Performance

Shares of NASDAQ:BCG opened at $2.00 on Thursday. Binah Capital Group has a 52 week low of $1.71 and a 52 week high of $16.61. The firm has a 50 day simple moving average of $2.16 and a 200 day simple moving average of $2.49.

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.