Binah Capital Group, Inc. (NASDAQ:BCGWW – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 25,071 shares, an increase of 80.0% from the May 31st total of 13,926 shares. Based on an average daily trading volume, of 6,828 shares, the days-to-cover ratio is currently 3.7 days.
Binah Capital Group Stock Up 1.3%
Shares of NASDAQ:BCGWW opened at $0.15 on Thursday. Binah Capital Group has a 12-month low of $0.03 and a 12-month high of $0.19. The business has a fifty day simple moving average of $0.16 and a 200 day simple moving average of $0.16.
About Binah Capital Group
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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