Short Interest in Beneficient (NASDAQ:BENFW) Rises By 78.9%

Beneficient (NASDAQ:BENFW) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,400 shares, an increase of 78.9% from the February 29th total of 1,900 shares. Based on an average daily volume of 21,500 shares, the days-to-cover ratio is presently 0.2 days.

Beneficient Stock Performance

NASDAQ:BENFW opened at $0.01 on Thursday. The firm’s 50-day moving average is $0.01 and its 200-day moving average is $0.01. Beneficient has a 52-week low of $0.01 and a 52-week high of $0.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EHP Funds Inc. acquired a new stake in shares of Beneficient during the 2nd quarter valued at about $54,000. Rivernorth Capital Management LLC acquired a new stake in shares of Beneficient during the 2nd quarter valued at about $28,000. Finally, Ionic Capital Management LLC acquired a new stake in shares of Beneficient during the 2nd quarter valued at about $27,000.

About Beneficient

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.