Cohen & Company Inc. (NYSEAMERICAN:COHN) Sees Significant Drop in Short Interest

Cohen & Company Inc. (NYSEAMERICAN:COHNGet Free Report) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 2,700 shares, a drop of 63.0% from the December 15th total of 7,300 shares. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Cohen & Company Inc. Trading Down 3.8 %

COHN traded down $0.38 on Monday, hitting $9.50. 6,838 shares of the company’s stock were exchanged, compared to its average volume of 10,677. Cohen & Company Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $12.82. The stock has a market cap of $18.53 million, a PE ratio of 2.32 and a beta of 1.31. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.35.

Cohen & Company Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Wednesday, November 20th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.00 dividend on an annualized basis and a yield of 10.53%. Cohen & Company Inc.’s payout ratio is presently 24.45%.

Institutional Trading of Cohen & Company Inc.

A hedge fund recently bought a new stake in Cohen & Company Inc. stock. Renaissance Technologies LLC purchased a new stake in Cohen & Company Inc. (NYSEAMERICAN:COHNFree Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,300 shares of the financial services provider’s stock, valued at approximately $136,000. Renaissance Technologies LLC owned approximately 0.79% of Cohen & Company Inc. at the end of the most recent reporting period. Institutional investors own 14.26% of the company’s stock.

Cohen & Company Inc. Company Profile

(Get Free Report)

Cohen & Company Inc is a publicly owned investment manager. The firm primarily provides its services to individuals and institutions. It manages separate client-focused fixed income portfolios. Institutional Financial Markets, Inc also manages funds and collateralized debt obligations for its clients.

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