Beneficient (NASDAQ:BENF) Short Interest Update

Beneficient (NASDAQ:BENF) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 526,100 shares, a growth of 381.3% from the February 28th total of 109,300 shares. Based on an average trading volume of 513,100 shares, the short-interest ratio is currently 1.0 days. Currently, 7.3% of the shares of the stock are short sold.

Beneficient Price Performance

NASDAQ BENF opened at $0.34 on Friday. The stock’s 50 day moving average is $0.47 and its 200 day moving average is $0.86. Beneficient has a 12 month low of $0.28 and a 12 month high of $13.22.

Hedge Funds Weigh In On Beneficient

Several institutional investors have recently bought and sold shares of the business. Stifel Financial Corp lifted its holdings 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 acquiring an additional 14,100 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Beneficient in the 4th quarter worth approximately $28,000. Jane Street Group LLC bought a new position in shares of Beneficient during the 4th quarter valued at approximately $39,000. State Street Corp purchased a new stake in Beneficient during the 3rd quarter valued at $73,000. Finally, Ausdal Financial Partners Inc. lifted its position in Beneficient by 214.3% in the fourth quarter. Ausdal Financial Partners Inc. now owns 63,379 shares of the company’s stock worth $47,000 after buying an additional 43,217 shares during the last quarter. Institutional investors own 90.57% of the company’s stock.

About Beneficient

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.