Binah Capital Group, Inc. (NASDAQ:BCGWW) Short Interest Down 19.2% in January

Binah Capital Group, Inc. (NASDAQ:BCGWW) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 28,619 shares, a drop of 19.2% from the December 31st total of 35,414 shares. Based on an average trading volume of 5,036 shares, the short-interest ratio is currently 5.7 days. Based on an average trading volume of 5,036 shares, the short-interest ratio is currently 5.7 days.

Binah Capital Group Price Performance

Shares of BCGWW stock traded up $0.02 during trading hours on Wednesday, hitting $0.16. 84,174 shares of the company’s stock traded hands, compared to its average volume of 14,112. The stock’s fifty day simple moving average is $0.14 and its two-hundred day simple moving average is $0.08. Binah Capital Group has a 12-month low of $0.03 and a 12-month 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.