Short Interest in Beneficient (NASDAQ:BENF) Drops By 10.7%

Beneficient (NASDAQ:BENF) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 194,400 shares, a decrease of 10.7% from the September 15th total of 217,800 shares. Approximately 5.5% of the company’s shares are short sold. Based on an average daily volume of 3,790,000 shares, the short-interest ratio is currently 0.1 days.

Beneficient Stock Down 7.0 %

Shares of NASDAQ:BENF traded down $0.10 during trading on Tuesday, hitting $1.26. The stock had a trading volume of 107,706 shares, compared to its average volume of 1,778,186. The firm’s fifty day moving average is $1.69 and its 200 day moving average is $3.12. Beneficient has a 12 month low of $1.11 and a 12 month high of $88.80.

Beneficient (NASDAQ:BENF) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $10.05 million during the quarter. As a group, equities research analysts anticipate that Beneficient will post -1.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Gwg Wind Down Trust sold 188,292 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $1.79, for a total transaction of $337,042.68. Following the transaction, the insider now owns 348,183 shares in the company, valued at $623,247.57. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Beneficient news, major shareholder Gwg Wind Down Trust sold 188,292 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $1.79, for a total transaction of $337,042.68. Following the transaction, the insider now directly owns 348,183 shares of the company’s stock, valued at approximately $623,247.57. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter T. Cangany, Jr. bought 30,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average cost of $1.97 per share, with a total value of $59,100.00. Following the completion of the transaction, the director now owns 125,000 shares in the company, valued at approximately $246,250. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 853,917 shares of company stock valued at $2,115,370 over the last ninety days. 7.10% of the stock is owned by insiders.

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.