Beneficient (NASDAQ:BENF) Short Interest Down 19.2% in November

Beneficient (NASDAQ:BENF) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 108,900 shares, a decline of 19.2% from the October 31st total of 134,700 shares. Based on an average trading volume of 5,500,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 2.9% of the shares of the stock are short sold.

Insider Buying and Selling

In other news, major shareholder Gwg Wind Down Trust sold 106,703 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $1.75, for a total transaction of $186,730.25. Following the transaction, the insider now directly owns 536,475 shares in the company, valued at $938,831.25. The trade was a 16.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter T. Cangany, Jr. purchased 75,000 shares of Beneficient stock in a transaction dated Tuesday, November 19th. The shares were bought at an average price of $0.93 per share, for a total transaction of $69,750.00. Following the acquisition, the director now owns 300,000 shares in the company, valued at approximately $279,000. This trade represents a 33.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 778,762 shares of company stock valued at $1,932,855. 13.69% of the stock is owned by corporate insiders.

Institutional Trading of Beneficient

An institutional investor recently raised its position in Beneficient stock. Stifel Financial Corp raised its stake in shares of Beneficient (NASDAQ:BENF) by 138.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,300 shares of the company’s stock after acquiring an additional 14,100 shares during the period. Stifel Financial Corp owned approximately 0.57% of Beneficient worth $30,000 as of its most recent SEC filing. Institutional investors and hedge funds own 90.57% of the company’s stock.

Beneficient Price Performance

NASDAQ:BENF traded down $0.05 on Monday, reaching $0.82. The company’s stock had a trading volume of 435,116 shares, compared to its average volume of 2,056,393. Beneficient has a 12-month low of $0.72 and a 12-month high of $48.72. The stock has a 50 day moving average price of $1.23 and a 200 day moving average price of $2.21.

About Beneficient

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.