Beneficient (NASDAQ:BENF) Short Interest Up 20.3% in May

Beneficient (NASDAQ:BENF) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 255,700 shares, a growth of 20.3% from the April 30th total of 212,500 shares. Based on an average daily trading volume, of 399,600 shares, the days-to-cover ratio is currently 0.6 days. Currently, 3.5% of the company’s shares are sold short.

Beneficient Trading Up 0.1%

Shares of Beneficient stock opened at $0.29 on Thursday. The business’s fifty day moving average price is $0.30 and its 200 day moving average price is $0.51. Beneficient has a twelve month low of $0.22 and a twelve month high of $6.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of Beneficient in the fourth quarter worth about $28,000. Stifel Financial Corp lifted its position in shares of Beneficient by 198.4% during the fourth quarter. Stifel Financial Corp now owns 72,500 shares of the company’s stock worth $54,000 after purchasing an additional 48,200 shares in the last quarter. Ausdal Financial Partners Inc. increased its stake in Beneficient by 214.3% during the 4th 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 period. Finally, Jane Street Group LLC acquired a new position in Beneficient in the 4th quarter worth $39,000. 90.57% of the stock is owned by institutional investors and hedge funds.

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.