Short Interest in Beneficient (NASDAQ:BENF) Decreases By 39.5%

Beneficient (NASDAQ:BENF) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 233,000 shares, a decrease of 39.5% from the March 31st total of 385,200 shares. Based on an average daily volume of 429,300 shares, the short-interest ratio is presently 0.5 days. Currently, 3.2% of the company’s shares are sold short.

Beneficient Stock Down 3.5 %

Shares of NASDAQ BENF opened at $0.25 on Tuesday. Beneficient has a 1 year low of $0.22 and a 1 year high of $13.00. The firm’s 50-day moving average is $0.32 and its 200-day moving average is $0.68.

Hedge Funds Weigh In On Beneficient

A number of hedge funds and other institutional investors have recently bought and sold shares of BENF. Stifel Financial Corp lifted its stake in shares of Beneficient by 138.2% in the 3rd quarter. Stifel Financial Corp now owns 24,300 shares of the company’s stock valued at $30,000 after purchasing an additional 14,100 shares during the period. State Street Corp bought a new stake in Beneficient in the third quarter valued at about $73,000. Virtu Financial LLC acquired a new position in Beneficient in the fourth quarter valued at about $28,000. Ausdal Financial Partners Inc. boosted its holdings in Beneficient by 214.3% during 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, Jane Street Group LLC acquired a new position in shares of Beneficient during the 4th quarter worth about $39,000. 90.57% of the stock is owned by institutional investors.

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.