Beneficient (NASDAQ:BENF – Get Free Report) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 207,800 shares, a growth of 34.0% from the January 31st total of 155,100 shares. Based on an average trading volume of 619,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 5.7% of the company’s shares are short sold.
Institutional Investors Weigh In On Beneficient
A number of hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp increased its holdings in Beneficient by 198.4% in the fourth quarter. Stifel Financial Corp now owns 72,500 shares of the company’s stock worth $54,000 after purchasing an additional 48,200 shares in the last quarter. Ausdal Financial Partners Inc. increased its holdings 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 purchasing an additional 43,217 shares in the last quarter. State Street Corp bought a new stake in Beneficient in the third quarter worth approximately $73,000. Jane Street Group LLC bought a new stake in Beneficient in the fourth quarter worth approximately $39,000. Finally, Virtu Financial LLC bought a new stake in Beneficient in the fourth quarter worth approximately $28,000. 90.57% of the stock is currently owned by institutional investors.
Beneficient Stock Performance
Shares of BENF opened at $0.32 on Thursday. Beneficient has a 1 year low of $0.29 and a 1 year high of $13.22. The business has a 50-day moving average of $0.60 and a 200-day moving average of $1.03.
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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