Siebert Financial’s stock rockets are nearly five times higher, with no news posted

Shares of Siebert Financial Corp. ALSO,
-0.80%
grew 373% more to a two-year high on Friday strongly, enough for the pace of all premarket winners. Trading volume increased to 6.7 million shares, compared to the full day average over the last 30 days of some 24,500 shares. The company, which runs its retail brokerage business through its subsidiary Muriel Siebert & Co. Inc., confirmed that it has not published any news on Friday. The last press release was on November 16, when Siebert said he was hiring Anthony Palmeri of JPM of JP Morgan Chase & Co.,
+ 1.76%
and Jerry Losurdo of TD Prime Services at the head of its securities financing group. The shares were about to open at the highest price observed during the regular sessions since September 2018. The shares, with a short interest rate of 3.7% of the public stock market according to the latest data, have has fallen 1.1% in the last 3 months to Thursday and has fallen 51.1% in the last twelve months, while the S&P 500 SPX,
+ 0.98%
it has gained 14.4% in the last three months and increased 15.7% last year.

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