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

Beneficient (NASDAQ:BENF) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 526,100 shares, an increase of 381.3% from the February 28th total of 109,300 shares. Based on an average daily volume of 513,100 shares, the days-to-cover ratio is presently 1.0 days. Currently, 7.3% of the company’s stock are short sold.

Beneficient Stock Up 2.5 %

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BENF. Virtu Financial LLC purchased a new stake in shares of Beneficient in the 4th quarter worth approximately $28,000. Stifel Financial Corp increased 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 worth $30,000 after purchasing an additional 14,100 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Beneficient during the fourth quarter valued at $39,000. Ausdal Financial Partners Inc. increased its holdings in Beneficient by 214.3% in the 4th 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 in the last quarter. Finally, State Street Corp purchased a new position in Beneficient in the 3rd quarter worth about $73,000. 90.57% of the stock is currently owned by institutional investors.

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.