Beneficient (NASDAQ:BENF – Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 207,800 shares, an increase of 34.0% from the January 31st total of 155,100 shares. Currently, 5.7% of the company’s stock are sold short. Based on an average daily trading volume, of 619,500 shares, the short-interest ratio is currently 0.3 days.
Beneficient Trading Down 5.8 %
NASDAQ:BENF opened at $0.38 on Tuesday. Beneficient has a 52 week low of $0.38 and a 52 week high of $13.22. The firm has a 50-day moving average price of $0.61 and a two-hundred day moving average price of $1.05.
Institutional Investors Weigh In On Beneficient
Several institutional investors and hedge funds have recently added to or reduced their stakes in BENF. Stifel Financial Corp increased its stake in Beneficient by 138.2% in the 3rd quarter. Stifel Financial Corp now owns 24,300 shares of the company’s stock valued at $30,000 after buying an additional 14,100 shares during the last quarter. State Street Corp purchased a new stake in shares of Beneficient during the 3rd quarter worth approximately $73,000. Virtu Financial LLC purchased a new stake in shares of Beneficient during the 4th quarter worth approximately $28,000. Ausdal Financial Partners Inc. increased its stake in shares of Beneficient by 214.3% during the 4th quarter. Ausdal Financial Partners Inc. now owns 63,379 shares of the company’s stock worth $47,000 after purchasing an additional 43,217 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Beneficient during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 90.57% of the company’s stock.
Beneficient Company Profile
Beneficient, a technology-enabled financial services company, provides liquidity solutions and related trustee, custody and trust administrative services to participants in the alternative asset industry in the United States. It operates through Ben Liquidity, Ben Custody, and Customer ExAlt Trusts segments.
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