Short Interest in Binah Capital Group, Inc. (NASDAQ:BCGWW) Expands By 627.3%

Binah Capital Group, Inc. (NASDAQ:BCGWW) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 35,414 shares, a growth of 627.3% from the December 15th total of 4,869 shares. Based on an average daily volume of 10,543 shares, the short-interest ratio is presently 3.4 days. Based on an average daily volume of 10,543 shares, the short-interest ratio is presently 3.4 days.

Binah Capital Group Trading Up 3.4%

Binah Capital Group stock opened at $0.15 on Wednesday. Binah Capital Group has a 52 week low of $0.03 and a 52 week high of $0.19. The firm’s 50-day simple moving average is $0.12 and its 200 day simple moving average is $0.07.

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.