Beneficient (NASDAQ:BENF) Sees Large Increase in Short Interest

Beneficient (NASDAQ:BENF) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 862,800 shares, a growth of 132.6% from the August 15th total of 370,900 shares. Based on an average daily volume of 3,370,000 shares, the short-interest ratio is presently 0.3 days. Currently, 12.0% of the company’s shares are sold short. Currently, 12.0% of the company’s shares are sold short. Based on an average daily volume of 3,370,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Beneficient

A hedge fund recently bought a new stake in Beneficient stock. Jane Street Group LLC bought a new stake in Beneficient (NASDAQ:BENF) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 52,307 shares of the company’s stock, valued at approximately $39,000. Jane Street Group LLC owned 1.03% of Beneficient as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 90.57% of the company’s stock.

Beneficient Price Performance

Shares of Beneficient stock traded down $0.03 during mid-day trading on Monday, hitting $0.42. 214,038 shares of the stock were exchanged, compared to its average volume of 1,734,973. Beneficient has a twelve month low of $0.22 and a twelve month high of $2.36. The company has a 50-day simple moving average of $0.36 and a 200 day simple moving average of $0.33.

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.