Short Interest in Beneficient (NASDAQ:BENF) Decreases By 22.1%

Beneficient (NASDAQ:BENFGet Free Report) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 251,170 shares, a decrease of 22.1% from the February 26th total of 322,563 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily volume of 31,415 shares, the days-to-cover ratio is currently 8.0 days.

Institutional Trading of Beneficient

An institutional investor recently bought a new position in Beneficient stock. Jane Street Group LLC bought a new position in shares of Beneficient (NASDAQ:BENFFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,922 shares of the company’s stock, valued at approximately $133,000. Jane Street Group LLC owned approximately 0.14% of Beneficient at the end of the most recent quarter. 90.57% of the stock is currently owned by institutional investors.

Beneficient Stock Performance

BENF stock opened at $3.21 on Monday. Beneficient has a 1 year low of $1.75 and a 1 year high of $12.48. The stock has a 50-day simple moving average of $4.14 and a 200-day simple moving average of $4.82.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BENF shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beneficient in a research report on Friday. Wall Street Zen raised shares of Beneficient from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Beneficient currently has a consensus rating of “Sell”.

View Our Latest Analysis on BENF

Beneficient Company Profile

(Get Free Report)

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. The company offers Ben AltAccess platform for secure, online, and end-to-end delivery of each of the Ben business unit products and services, including upload documents, and work through tasks, and complete their transactions with standardized transaction agreements.

Further Reading

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