Beneficient (NASDAQ:BENF) Short Interest Down 47.4% in February

Beneficient (NASDAQ:BENF) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 109,300 shares, a decrease of 47.4% from the February 13th total of 207,800 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 479,000 shares, the short-interest ratio is presently 0.2 days.

Beneficient Price Performance

Shares of NASDAQ BENF traded down $0.01 during midday trading on Friday, hitting $0.32. 226,829 shares of the company’s stock traded hands, compared to its average volume of 2,039,108. Beneficient has a 1 year low of $0.28 and a 1 year high of $13.22. The firm has a fifty day moving average of $0.54 and a 200 day moving average of $0.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in shares of Beneficient during the 4th quarter valued at approximately $28,000. Stifel Financial Corp increased its stake in shares of Beneficient by 138.2% during the third quarter. Stifel Financial Corp now owns 24,300 shares of the company’s stock valued at $30,000 after buying an additional 14,100 shares during the period. Jane Street Group LLC purchased a new position in shares of Beneficient during the fourth quarter valued at $39,000. Ausdal Financial Partners Inc. increased its stake in shares of Beneficient by 214.3% during the fourth quarter. Ausdal Financial Partners Inc. now owns 63,379 shares of the company’s stock valued at $47,000 after buying an additional 43,217 shares during the period. Finally, State Street Corp purchased a new position in Beneficient in the third quarter valued at about $73,000. 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.