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

Beneficient (NASDAQ:BENF) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 31,100 shares, a drop of 91.9% from the March 31st total of 384,100 shares. Based on an average daily trading volume, of 118,600 shares, the short-interest ratio is presently 0.3 days. Approximately 2.9% of the shares of the company are sold short.

Beneficient Price Performance

BENF traded down $0.21 during mid-day trading on Friday, reaching $4.22. 46,667 shares of the company traded hands, compared to its average volume of 273,946. The company’s fifty day moving average price is $7.58 and its 200-day moving average price is $29.90. Beneficient has a 52-week low of $3.76 and a 52-week high of $1,320.00.

Beneficient (NASDAQ:BENF) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($156.00) EPS for the quarter. The company had revenue of ($10.24) million during the quarter.

Insider Activity at Beneficient

In other Beneficient news, Director Peter T. Cangany, Jr. bought 2,500 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was acquired at an average price of $20.80 per share, with a total value of $52,000.00. Following the transaction, the director now owns 2,500 shares in the company, valued at $52,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Beneficient

An institutional investor recently bought a new position in Beneficient stock. Bank of New York Mellon Corp bought a new stake in shares of Beneficient (NASDAQ:BENF) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,833 shares of the company’s stock, valued at approximately $98,000. Hedge funds and other institutional investors own 90.57% of the company’s stock.

Beneficient Company Profile

Beneficient, a technology-enabled financial service company, provides liquidity solutions and related trust, custody and administrative services to participants in the alternative asset industry. The company operates through Ben Liquidity, Ben Custody, and Customer ExAlt Trusts segments. It offers 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.