Beneficient (NASDAQ:BENF) Short Interest Update

Beneficient (NASDAQ:BENF) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 109,300 shares, a drop of 47.4% from the February 13th total of 207,800 shares. Based on an average daily volume of 479,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.7% of the company’s stock are sold short.

Beneficient Stock Performance

Shares of BENF opened at $0.32 on Friday. Beneficient has a 12 month low of $0.28 and a 12 month high of $13.22. The stock’s 50-day moving average is $0.55 and its two-hundred day moving average is $0.95.

Hedge Funds Weigh In On Beneficient

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp raised its stake in shares of Beneficient by 198.4% during the fourth quarter. Stifel Financial Corp now owns 72,500 shares of the company’s stock valued at $54,000 after purchasing an additional 48,200 shares during the period. 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 valued at $47,000 after purchasing an additional 43,217 shares during the period. State Street Corp acquired a new stake in Beneficient during the 3rd quarter valued at $73,000. Jane Street Group LLC purchased a new stake in Beneficient during the 4th quarter worth $39,000. Finally, Virtu Financial LLC acquired a new position in Beneficient in the 4th quarter worth $28,000. 90.57% of the stock is owned by institutional investors and hedge funds.

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.