Short Interest in Binah Capital Group, Inc. (NASDAQ:BCGWW) Decreases By 92.5%

Binah Capital Group, Inc. (NASDAQ:BCGWW) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 613 shares, a drop of 92.5% from the January 29th total of 8,192 shares. Based on an average trading volume of 8,744 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 8,744 shares, the days-to-cover ratio is presently 0.1 days.

Binah Capital Group Trading Down 11.1%

Shares of NASDAQ:BCGWW traded down $0.02 during trading hours on Friday, reaching $0.16. The stock had a trading volume of 3,600 shares, compared to its average volume of 17,733. The firm’s 50 day moving average is $0.15 and its 200-day moving average is $0.09. Binah Capital Group has a 1 year low of $0.03 and a 1 year high of $0.19.

Binah Capital Group Company Profile

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.