Shares of Siebert Financial Corp. SIEVE,
rose 373% higher to a two-year high on Friday, enough to pace all premarket winners. The trading volume increased to 6.7 million shares, compared to the all-day average of the last 30 days, of approximately 24,500 shares. The company, which carries out its retail brokerage activity through its subsidiary Muriel Siebert & Co. Inc., confirmed that it did not release any news on Friday. The latest press release was on November 16, when Siebert said he hired Anthony Palmeri from JPM of JP Morgan Chase & Co.
and Jerry Losurdo of TD Prime Services to lead its securities financing group. The stock was about to open at the highest price observed during the regular sitting hours of September 2018. The stock, with a short interest rate of 3.7% of the public float according to the latest data, decreased by 1.1% in the last 3 months to Thursday and fell 51.1% in the last 12 months, while the S&P 500 SPX,
it has gained 14.4% in the last three months and amassed 15.7% in the last year.