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

Beneficient (NASDAQ:BENF) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 155,100 shares, a growth of 32.7% from the January 15th total of 116,900 shares. Based on an average daily volume of 2,060,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 4.3% of the shares of the company are sold short.

Beneficient Stock Performance

BENF stock traded up $0.00 during trading on Friday, hitting $0.56. The company had a trading volume of 112,463 shares, compared to its average volume of 119,744. The business has a 50-day moving average of $0.69 and a 200-day moving average of $1.25. Beneficient has a one year low of $0.50 and a one year high of $23.64.

Insider Transactions at Beneficient

In other news, Director Peter T. Cangany, Jr. acquired 75,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of $0.93 per share, with a total value of $69,750.00. Following the completion of the purchase, the director now directly owns 300,000 shares of the company’s stock, valued at $279,000. This represents a 33.33 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 21,071 shares of company stock valued at $16,338. 13.69% of the stock is currently owned by company insiders.

Institutional Trading of Beneficient

Several institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its holdings in shares of Beneficient by 138.2% during the 3rd quarter. Stifel Financial Corp now owns 24,300 shares of the company’s stock worth $30,000 after buying an additional 14,100 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Beneficient during the 4th quarter worth approximately $28,000. Jane Street Group LLC bought a new position in shares of Beneficient during the 4th quarter worth approximately $39,000. State Street Corp bought a new position in shares of Beneficient in the 3rd quarter worth $73,000. Finally, Ausdal Financial Partners Inc. lifted its holdings in shares of 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 purchasing an additional 43,217 shares in the last quarter. 90.57% of the stock is currently owned by institutional investors.

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.