Beneficient (NASDAQ:BENF – Get Free Report) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 526,100 shares, an increase of 381.3% from the February 28th total of 109,300 shares. Based on an average daily volume of 513,100 shares, the short-interest ratio is presently 1.0 days. Currently, 7.3% of the company’s shares are short sold.
Beneficient Trading Down 2.2 %
Shares of NASDAQ:BENF opened at $0.33 on Thursday. The company’s fifty day moving average is $0.48 and its 200 day moving average is $0.86. Beneficient has a 52 week low of $0.28 and a 52 week high of $13.22.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Stifel Financial Corp boosted its holdings in Beneficient by 138.2% during the 3rd quarter. Stifel Financial Corp now owns 24,300 shares of the company’s stock valued at $30,000 after acquiring an additional 14,100 shares during the period. Virtu Financial LLC bought a new stake in Beneficient in the fourth quarter valued at approximately $28,000. Ausdal Financial Partners Inc. boosted its stake in shares of Beneficient by 214.3% during 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. Jane Street Group LLC bought a new position in shares of Beneficient in the fourth quarter worth approximately $39,000. Finally, State Street Corp purchased a new position in shares of Beneficient in the third quarter worth $73,000. 90.57% of the stock is owned by institutional investors.
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.
Featured Articles
- Five stocks we like better than Beneficient
- Transportation Stocks Investing
- Energy Transfer: Powering Data With Dividends and Diversification
- What is an Earnings Surprise?
- Qualcomm Stock Is Coiling for a Breakout
- How to buy stock: A step-by-step guide for beginners
- Is Alphabet Too Cheap to Ignore After Its Recent Correction?
Receive News & Ratings for Beneficient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beneficient and related companies with MarketBeat.com's FREE daily email newsletter.
