Siebert Financial Corp. (NASDAQ:SIEB) Sees Significant Growth in Short Interest

Siebert Financial Corp. (NASDAQ:SIEB - Get Free Report) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 80,900 shares, an increase of 48.7% from the May 15th total of 54,400 shares. Based on an average trading volume of 87,600 shares, the short-interest ratio is currently 0.9 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Trading of Siebert Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of Siebert Financial during the fourth quarter worth $37,000. Renaissance Technologies LLC grew its position in shares of Siebert Financial by 275.0% during the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider's stock worth $123,000 after buying an additional 28,600 shares during the period. Northern Trust Corp increased its stake in shares of Siebert Financial by 15.1% in the 4th quarter. Northern Trust Corp now owns 40,583 shares of the financial services provider's stock valued at $128,000 after acquiring an additional 5,323 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Siebert Financial by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock worth $685,000 after acquiring an additional 10,053 shares during the last quarter. Institutional investors own 1.52% of the company's stock.

Siebert Financial Trading Up 0.7%

NASDAQ:SIEB traded up $0.03 on Monday, hitting $4.58. 130,250 shares of the stock were exchanged, compared to its average volume of 44,619. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13. Siebert Financial has a 52 week low of $1.41 and a 52 week high of $5.77. The stock has a market capitalization of $185.08 million, a price-to-earnings ratio of 17.62 and a beta of 0.67. The company's 50-day moving average price is $4.07 and its 200 day moving average price is $3.27.

Siebert Financial (NASDAQ:SIEB - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The financial services provider reported $0.22 EPS for the quarter. Siebert Financial had a net margin of 12.83% and a return on equity of 13.92%. The company had revenue of $28.92 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Siebert Financial from a "strong-buy" rating to a "buy" rating in a research report on Sunday.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail brokerage and investment advisory businesses in the United States and Internationally. It offers self-directed trading, market making and fixed income investment, stock borrow, stock loan, equity compensation plans, wealth management, and financial advisory services; independent retail execution services; and retail customer services.

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