Binah Capital Group, Inc. (NASDAQ:BCGWW) Sees Large Increase in Short Interest

Binah Capital Group, Inc. (NASDAQ:BCGWWGet Free Report) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 5,369 shares, an increase of 207.7% from the April 15th total of 1,745 shares. Based on an average daily trading volume, of 1,626 shares, the short-interest ratio is currently 3.3 days.

Binah Capital Group Stock Down 12.0%

Shares of NASDAQ BCGWW traded down $0.02 during mid-day trading on Friday, hitting $0.17. The company had a trading volume of 5,000 shares, compared to its average volume of 18,131. Binah Capital Group has a 12 month low of $0.03 and a 12 month high of $0.19. The business’s 50-day simple moving average is $0.15 and its 200-day simple moving average is $0.13.

About Binah Capital Group

(Get Free Report)

Binah Capital Group Ltd is a special purpose acquisition company incorporated in the British Virgin Islands and listed on the Nasdaq under the symbol BCGWW. The company was formed in mid-2021 with the sole purpose of effecting a merger, capital stock exchange, asset acquisition, capital stock purchase, reorganization or similar business combination – commonly known as a SPAC, or blank check company.

To date, Binah Capital Group has no operating business, revenues or assets other than cash held in trust.

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