Binah Capital Group, Inc. (NASDAQ:BCGWW – Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,369 shares, an increase of 207.7% from the April 15th total of 1,745 shares. Based on an average daily trading volume, of 1,626 shares, the days-to-cover ratio is presently 3.3 days.
Binah Capital Group Trading Down 12.0%
Shares of NASDAQ BCGWW traded down $0.02 during mid-day trading on Friday, hitting $0.17. 5,000 shares of the stock traded hands, compared to its average volume of 18,131. The stock has a fifty day moving average price of $0.15 and a 200-day moving average price of $0.13. Binah Capital Group has a 52 week low of $0.03 and a 52 week 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.
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