Beneficient (NASDAQ:BENF) Shares Shorted: Short Interest Up 205.1% in September

Beneficient (NASDAQ:BENF – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 950,383 shares, a growth of 205.1% from the September 15th total of 311,505 shares. Currently, 7.3% of the shares of the company are sold short. Based on an average daily volume of 52,634,456 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Beneficient in a research report on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

View Our Latest Stock Analysis on Beneficient

Beneficient Stock Performance

BENF stock opened at $0.87 on Wednesday. The company has a 50-day moving average of $1.77 and a two-hundred day moving average of $2.85. Beneficient has a 52-week low of $0.50 and a 52-week high of $12.48.

Beneficient (NASDAQ:BENF – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($2.06) by $1.59. The business had revenue of $15.93 million during the quarter, compared to the consensus estimate of $10.16 million. Equities analysts anticipate that Beneficient will post -9.50 EPS for the current fiscal year.

Beneficient Company Profile

(Get Free Report)

Beneficient (NASDAQ: BENF) is a financial services company that provides liquidity and trust-based solutions for holders of alternative assets. Its platform is designed to help investors access cash from illiquid investments, including private equity, venture capital, real estate, private credit and other privately held assets, without necessarily waiting for those investments to reach maturity or a traditional exit.

The company serves individuals, families, trusts, family offices and certain institutional investors.

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