Beneficient (NASDAQ:BENF) Short Interest Update

Beneficient (NASDAQ:BENF) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 31,100 shares, a decrease of 91.9% from the March 31st total of 384,100 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 118,600 shares, the days-to-cover ratio is presently 0.3 days.

Beneficient Price Performance

Shares of BENF traded down $0.18 during midday trading on Thursday, reaching $4.43. The stock had a trading volume of 26,748 shares, compared to its average volume of 96,871. The company’s 50-day moving average is $8.22 and its 200 day moving average is $30.72. Beneficient has a 12-month low of $3.76 and a 12-month high of $1,320.00.

Beneficient (NASDAQ:BENF) last posted its quarterly earnings results on Tuesday, February 13th. The company reported ($156.00) EPS for the quarter. The business had revenue of ($10.24) million for the quarter.

Insiders Place Their Bets

In other Beneficient news, Director Peter T. Cangany, Jr. acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average price of $20.80 per share, for a total transaction of $52,000.00. Following the completion of the transaction, the director now owns 2,500 shares of the company’s stock, valued at approximately $52,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.36% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Beneficient stock. Bank of New York Mellon Corp bought a new position in shares of Beneficient (NASDAQ:BENF) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 37,833 shares of the company’s stock, valued at approximately $98,000. Institutional investors and hedge funds own 90.57% of the company’s stock.

Beneficient Company Profile

Beneficient, a technology-enabled financial service company, provides liquidity solutions and related trust, custody and administrative services to participants in the alternative asset industry. The company operates through Ben Liquidity, Ben Custody, and Customer ExAlt Trusts segments. It offers AltAccess platform for secure, online, and end-to-end delivery of each of the Ben business unit products and services, including upload documents, and work through tasks and complete their transactions with standardized transaction agreements.