Beneficient (NASDAQ:BENF) Sees Significant Drop in Short Interest

Beneficient (NASDAQ:BENF) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 109,300 shares, a decline of 47.4% from the February 13th total of 207,800 shares. Based on an average daily trading volume, of 479,000 shares, the short-interest ratio is currently 0.2 days. Currently, 1.7% of the shares of the stock are short sold.

Beneficient Price Performance

BENF traded down $0.01 on Friday, reaching $0.32. The stock had a trading volume of 226,829 shares, compared to its average volume of 2,031,076. Beneficient has a fifty-two week low of $0.28 and a fifty-two week high of $13.22. The firm has a 50-day moving average of $0.54 and a 200-day moving average of $0.94.

Institutional Investors Weigh In On Beneficient

Institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp grew its position in shares of 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 bought a new stake in shares of Beneficient during the 3rd quarter valued at about $73,000. Jane Street Group LLC bought a new stake in shares of Beneficient during the 4th quarter valued at about $39,000. Virtu Financial LLC bought a new stake in shares of Beneficient during the 4th quarter valued at about $28,000. Finally, Ausdal Financial Partners Inc. boosted its position 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 valued at $47,000 after purchasing an additional 43,217 shares in the last quarter. 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.