Short Interest in Siebert Financial Corp. (NASDAQ:SIEB) Increases By 48.7%

Siebert Financial Corp. (NASDAQ:SIEB - Get Free Report) was the recipient of a large increase in short interest in 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. Approximately 0.6% of the company's shares are sold short. Based on an average daily trading volume, of 87,600 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

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

Institutional Trading of Siebert Financial

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in Siebert Financial by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 216,841 shares of the financial services provider's stock worth $685,000 after purchasing an additional 10,053 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Siebert Financial by 275.0% in the 4th quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider's stock valued at $123,000 after buying an additional 28,600 shares during the period. Northern Trust Corp raised its holdings 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 buying an additional 5,323 shares during the period. Finally, Jane Street Group LLC acquired a new position in Siebert Financial during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 1.52% of the company's stock.

Siebert Financial Trading Up 2.7%

NASDAQ SIEB traded up $0.12 during trading hours on Thursday, reaching $4.62. The company had a trading volume of 64,046 shares, compared to its average volume of 45,099. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $186.69 million, a P/E ratio of 10.04 and a beta of 0.67. The stock has a 50-day moving average of $4.20 and a 200 day moving average of $3.31. Siebert Financial has a 1-year low of $1.41 and a 1-year high of $5.77.

Siebert Financial (NASDAQ:SIEB - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter. Siebert Financial had a net margin of 19.77% and a return on equity of 21.37%. The business had revenue of $28.92 million for the quarter.

About Siebert Financial

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.