Beneficient (NASDAQ:BENF – Get Free Report) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 207,800 shares, an increase of 34.0% from the January 31st total of 155,100 shares. Approximately 5.7% of the shares of the company are short sold. Based on an average daily trading volume, of 619,500 shares, the short-interest ratio is presently 0.3 days.
Institutional Investors Weigh In On Beneficient
A number of hedge funds have recently bought and sold shares of BENF. Virtu Financial LLC bought a new position in shares of Beneficient in the fourth quarter worth about $28,000. Stifel Financial Corp grew its holdings in Beneficient by 138.2% in the 3rd 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 last quarter. Jane Street Group LLC bought a new position in Beneficient in the 4th quarter worth approximately $39,000. Ausdal Financial Partners Inc. lifted its holdings 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 worth $47,000 after buying an additional 43,217 shares during the last quarter. Finally, State Street Corp bought a new stake in shares of Beneficient in the third quarter valued at approximately $73,000. 90.57% of the stock is currently owned by institutional investors.
Beneficient Trading Down 11.1 %
NASDAQ:BENF opened at $0.34 on Wednesday. Beneficient has a 1 year low of $0.30 and a 1 year high of $13.22. The firm’s fifty day simple moving average is $0.61 and its 200 day simple moving average is $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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