Short Interest in Binah Capital Group, Inc. (NASDAQ:BCGWW) Declines By 71.4%

Binah Capital Group, Inc. (NASDAQ:BCGWW) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 8,192 shares, a decline of 71.4% from the January 15th total of 28,619 shares. Based on an average daily trading volume, of 6,379 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 6,379 shares, the days-to-cover ratio is currently 1.3 days.

Binah Capital Group Trading Down 3.2%

Shares of BCGWW opened at $0.15 on Thursday. Binah Capital Group has a 52 week low of $0.03 and a 52 week high of $0.19. The stock has a 50 day moving average of $0.15 and a 200-day moving average of $0.09.

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.