Binah Capital Group, Inc. (NASDAQ:BCGWW) Sees Significant Decrease in Short Interest

Binah Capital Group, Inc. (NASDAQ:BCGWW) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 4,869 shares, a decline of 33.7% from the November 30th total of 7,340 shares. Based on an average daily trading volume, of 11,947 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 11,947 shares, the days-to-cover ratio is presently 0.4 days.

Binah Capital Group Price Performance

Shares of BCGWW stock opened at $0.11 on Monday. Binah Capital Group has a 1-year low of $0.03 and a 1-year high of $0.19. The stock has a 50-day moving average of $0.09 and a 200-day moving average of $0.06.

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.