Beneficient (NASDAQ:BENF – Get Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 526,100 shares, a growth of 381.3% from the February 28th total of 109,300 shares. Approximately 7.3% of the shares of the company are sold short. Based on an average trading volume of 513,100 shares, the days-to-cover ratio is presently 1.0 days.
Beneficient Stock Performance
BENF opened at $0.34 on Friday. The stock’s fifty day simple moving average is $0.47 and its 200 day simple moving average is $0.85. Beneficient has a 1-year low of $0.28 and a 1-year high of $13.22.
Hedge Funds Weigh In On Beneficient
Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of Beneficient during the 4th quarter worth about $39,000. Stifel Financial Corp raised its holdings in Beneficient by 198.4% in the 4th quarter. Stifel Financial Corp now owns 72,500 shares of the company’s stock valued at $54,000 after acquiring an additional 48,200 shares during the period. Ausdal Financial Partners Inc. lifted its position 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 acquiring an additional 43,217 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Beneficient during the fourth quarter worth approximately $28,000. Finally, State Street Corp bought a new stake in shares of Beneficient during the third quarter worth approximately $73,000. 90.57% of the stock is currently 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.
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