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

Siebert Financial Corp. (NASDAQ:SIEB) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 450,600 shares, a growth of 10.3% from the May 30th total of 408,700 shares. Based on an average trading volume of 13,200 shares, the short-interest ratio is presently 34.1 days. Approximately 5.6% of the company’s stock are short sold.

SIEB stock opened at $9.85 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 15.05 and a quick ratio of 15.05. The company has a market capitalization of $288.14 million, a P/E ratio of 25.26 and a beta of 0.04. Siebert Financial has a 12 month low of $8.17 and a 12 month high of $20.80. The business has a 50 day simple moving average of $9.08.

Siebert Financial (NASDAQ:SIEB) last posted its quarterly earnings data on Wednesday, May 15th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $6.43 million during the quarter. Siebert Financial had a net margin of 39.86% and a return on equity of 80.72%.

Several analysts have commented on the stock. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. TheStreet raised shares of One Group Hospitality from a “d” rating to a “b-” rating in a research report on Tuesday, April 23rd.

An institutional investor recently raised its position in Siebert Financial stock. Bank of New York Mellon Corp raised its stake in Siebert Financial Corp. (NASDAQ:SIEB) by 49.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,324 shares of the financial services provider’s stock after purchasing an additional 7,404 shares during the period. Bank of New York Mellon Corp owned approximately 0.08% of Siebert Financial worth $323,000 as of its most recent SEC filing. Institutional investors and hedge funds own 4.27% of the company’s stock.

Siebert Financial Company Profile

Siebert Financial Corp., through its subsidiaries, engages in the retail discount brokerage and investment advisory businesses. The company offers online and traditional brokerage, and related services to retail investors through a broker on the telephone, a wireless device, or through the Internet; various value added services, such as access to account information; independent retail execution services; and retail customer services.

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