Beneficient (NASDAQ:BENF) Short Interest Down 29.1% in December

Beneficient (NASDAQ:BENF) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 226,400 shares, a decline of 29.1% from the November 30th total of 319,300 shares. Based on an average daily trading volume, of 3,750,000 shares, the short-interest ratio is presently 0.1 days. Approximately 6.1% of the shares of the stock are short sold.

Insider Buying and Selling at Beneficient

In other Beneficient news, Director Peter T. Cangany, Jr. acquired 75,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was purchased at an average price of $0.93 per share, for a total transaction of $69,750.00. Following the transaction, the director now owns 300,000 shares in the company, valued at $279,000. This trade represents a 33.33 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Gwg Wind Down Trust sold 188,292 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $1.79, for a total value of $337,042.68. Following the sale, the insider now owns 348,183 shares in the company, valued at $623,247.57. The trade was a 35.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,021 shares of company stock worth $351,333 over the last ninety days. Corporate insiders own 13.69% of the company’s stock.

Institutional Trading of Beneficient

A hedge fund recently bought a new stake in Beneficient stock. State Street Corp bought a new stake in Beneficient (NASDAQ:BENF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 59,554 shares of the company’s stock, valued at approximately $73,000. State Street Corp owned 1.40% of Beneficient as of its most recent filing with the Securities and Exchange Commission. 90.57% of the stock is currently owned by institutional investors and hedge funds.

Beneficient Trading Down 3.7 %

Shares of NASDAQ BENF traded down $0.03 during trading on Friday, reaching $0.70. The company had a trading volume of 420,047 shares, compared to its average volume of 1,938,208. Beneficient has a 52 week low of $0.60 and a 52 week high of $44.00. The business’s 50 day moving average price is $1.00 and its 200-day moving average price is $1.87.

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.