Short Interest in Binah Capital Group, Inc. (NASDAQ:BCGWW) Drops By 62.5%

Binah Capital Group, Inc. (NASDAQ:BCGWW) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 2,642 shares, a drop of 62.5% from the March 15th total of 7,042 shares. Based on an average daily volume of 8,882 shares, the days-to-cover ratio is currently 0.3 days.

Binah Capital Group Stock Down 7.4%

Shares of Binah Capital Group stock opened at $0.13 on Tuesday. The business has a fifty day simple moving average of $0.15 and a two-hundred day simple moving average of $0.12. 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.