Binah Capital Group, Inc. (NASDAQ:BCGWW – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 14,535 shares, a growth of 170.7% from the April 30th total of 5,369 shares. Based on an average trading volume of 11,770 shares, the short-interest ratio is currently 1.2 days.
Binah Capital Group Stock Down 6.3%
Binah Capital Group stock traded down $0.01 during midday trading on Friday, hitting $0.17. 500 shares of the stock were exchanged, compared to its average volume of 16,141. The company has a fifty day simple moving average of $0.15 and a two-hundred day simple moving average of $0.14. 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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