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

Beneficient (NASDAQ:BENF) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 155,100 shares, a growth of 32.7% from the January 15th total of 116,900 shares. Based on an average daily trading volume, of 2,060,000 shares, the short-interest ratio is presently 0.1 days. Currently, 4.3% of the company’s stock are sold short.

Beneficient Stock Up 0.1 %

Beneficient stock traded up $0.00 during trading hours on Friday, hitting $0.56. 112,463 shares of the stock traded hands, compared to its average volume of 119,744. The firm’s 50 day moving average price is $0.68 and its 200-day moving average price is $1.22. Beneficient has a 1 year low of $0.50 and a 1 year high of $23.64.

Insider Activity at Beneficient

In other news, Director Peter T. Cangany, Jr. purchased 75,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were acquired at an average price of $0.93 per share, for a total transaction of $69,750.00. Following the purchase, the director now owns 300,000 shares in the company, valued at $279,000. This trade represents a 33.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 21,071 shares of company stock valued at $16,338 in the last ninety days. Corporate insiders own 13.69% of the company’s stock.

Institutional Trading of Beneficient

A number of hedge funds have recently modified their holdings of BENF. State Street Corp purchased a new stake in shares of Beneficient in the third quarter worth about $73,000. Jane Street Group LLC purchased a new stake in shares of Beneficient in the fourth quarter worth about $39,000. Stifel Financial Corp boosted its stake in shares of Beneficient by 198.4% in the fourth quarter. Stifel Financial Corp now owns 72,500 shares of the company’s stock worth $54,000 after buying an additional 48,200 shares during the last quarter. Ausdal Financial Partners Inc. boosted its stake in shares of Beneficient by 214.3% in 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, Virtu Financial LLC purchased a new stake in shares of Beneficient in the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 90.57% of the company’s stock.

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.