Short Interest in Beneficient (NASDAQ:BENF) Drops By 27.5%

Beneficient (NASDAQ:BENF) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 164,100 shares, a decrease of 27.5% from the December 15th total of 226,400 shares. Based on an average trading volume of 2,090,000 shares, the short-interest ratio is currently 0.1 days. Currently, 4.4% of the company’s stock are sold short.

Insiders Place Their Bets

In related news, Director Peter T. Cangany, Jr. acquired 75,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of $0.93 per share, for a total transaction of $69,750.00. Following the completion of the purchase, the director now owns 300,000 shares of the company’s stock, valued at $279,000. This represents a 33.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 17,729 shares of company stock worth $14,290. Company insiders own 13.69% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Beneficient stock. Stifel Financial Corp boosted its holdings in Beneficient (NASDAQ:BENF) by 138.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,300 shares of the company’s stock after acquiring an additional 14,100 shares during the quarter. Stifel Financial Corp owned 0.57% of Beneficient worth $30,000 at the end of the most recent quarter. Institutional investors own 90.57% of the company’s stock.

Beneficient Price Performance

Shares of BENF traded up $0.00 during trading hours on Wednesday, hitting $0.67. The company had a trading volume of 171,147 shares, compared to its average volume of 294,498. Beneficient has a 52-week low of $0.60 and a 52-week high of $35.06. The firm has a fifty day moving average price of $0.86 and a 200-day moving average price of $1.68.

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.