Financial shares

Siebert Financial Corp. (NASDAQ: SIEB) Short interest rate up 28.3% in November

Siebert Financial Corp. (NASDAQ: SIEB) was the target of strong growth in short-term interest rates in November. As of November 30, there was short interest totaling 208,300 shares, an increase of 28.3% from the total of 162,300 shares on November 15. Based on an average daily volume of 74,400 shares, the day-to-coverage ratio is currently 2.8 days. About 2.0% of the shares are sold short.

SIEB traded down $ 0.01 in Friday’s session, reaching $ 2.21. The company’s shares had a trade volume of 72,459 shares, compared to its average volume of 464,200. The company has a quick ratio of 1.03, a current ratio of 1.03, and a debt-to-equity ratio. of 0.14. The company has a fifty-day simple moving average of $ 2.97 and a two-hundred-day simple moving average of $ 3.69. Siebert Financial has a one-year minimum of $ 2.17 and a one-year maximum of $ 18.50. The company has a market cap of $ 68.41 million, a price-to-earnings ratio of 12.28 and a beta of -0.61.

Siebert Financial (NASDAQ: SIEB) last released its quarterly results on Monday, November 15. The financial services provider reported EPS of $ 0.03 for the quarter. The company reported sales of $ 17.05 million for the quarter. Siebert Financial had a net margin of 8.12% and a return on equity of 13.29%.

Hedge funds have recently increased or reduced their stakes in the company. Lido Advisors LLC purchased a new equity stake in Siebert Financial during the second quarter valued at approximately $ 60,000. Advisor Group Holdings Inc. increased its stake in Siebert Financial by 34.7% in the second quarter. Advisor Group Holdings Inc. now owns 24,979 shares of the financial services provider valued at $ 120,000 after purchasing an additional 6,429 shares in the last quarter. Millennium Management LLC acquired a new stake in Siebert Financial in the 1st quarter for a value of approximately $ 465,000. Tibra Equities Europe Ltd acquired a new stake in Siebert Financial in the 2nd quarter for a value of approximately $ 255,000. Finally, Morgan Stanley increased its stake in Siebert Financial by 395.1% in the 1st quarter. Morgan Stanley now owns 54,433 shares of the financial services provider valued at $ 220,000 after purchasing an additional 43,439 shares in the last quarter. 3.17% of the shares are currently held by hedge funds and other institutional investors.

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Siebert Financial Company Profile

Siebert Financial Corp. is a banking holding company that provides brokerage and financial advisory services. It conducts the following businesses through its wholly owned subsidiaries: Retail Brokerage Business, Investment Advisory Services, Insurance Services, Robo-Advisory Technology Development, and Premier Brokerage Services.

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