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

Beneficient (NASDAQ:BENF) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 233,000 shares, a decline of 39.5% from the March 31st total of 385,200 shares. Based on an average trading volume of 429,300 shares, the short-interest ratio is presently 0.5 days. Currently, 3.2% of the shares of the company are short sold.

Beneficient Trading Up 9.8 %

NASDAQ BENF opened at $0.28 on Wednesday. The business’s fifty day moving average is $0.32 and its 200 day moving average is $0.67. Beneficient has a fifty-two week low of $0.22 and a fifty-two week high of $13.00.

Hedge Funds Weigh In On Beneficient

Institutional investors have recently bought and sold shares of 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 valued at $30,000 after purchasing an additional 14,100 shares during the last quarter. Virtu Financial LLC purchased a new position in Beneficient during the 4th quarter valued at approximately $28,000. Ausdal Financial Partners Inc. grew its holdings in Beneficient by 214.3% during the 4th 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 in the last quarter. Jane Street Group LLC purchased a new stake in shares of Beneficient during the 4th quarter worth approximately $39,000. Finally, State Street Corp bought a new position in shares of Beneficient during the 3rd quarter valued at approximately $73,000. 90.57% of the stock is owned by hedge funds and other 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.