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

Beneficient (NASDAQ:BENF) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 182,400 shares, an increase of 45.1% from the August 15th total of 125,700 shares. Based on an average daily trading volume, of 2,800,000 shares, the short-interest ratio is currently 0.1 days. Currently, 7.2% of the company’s stock are sold short.

Insider Activity at Beneficient

In related news, major shareholder Gwg Wind Down Trust sold 106,703 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $1.75, for a total value of $186,730.25. Following the completion of the sale, the insider now directly owns 536,475 shares of the company’s stock, valued at approximately $938,831.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Beneficient news, Director Peter T. Cangany, Jr. purchased 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average cost of $1.97 per share, with a total value of $59,100.00. Following the completion of the transaction, the director now owns 125,000 shares of the company’s stock, valued at approximately $246,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Gwg Wind Down Trust sold 106,703 shares of Beneficient stock in a transaction on Monday, September 9th. The stock was sold at an average price of $1.75, for a total value of $186,730.25. Following the sale, the insider now owns 536,475 shares in the company, valued at $938,831.25. The disclosure for this sale can be found here. Insiders have sold a total of 665,625 shares of company stock valued at $1,778,328 over the last 90 days. Insiders own 7.10% of the company’s stock.

Beneficient Trading Down 1.6 %

NASDAQ BENF opened at $1.27 on Monday. The business’s fifty day moving average is $2.68 and its 200-day moving average is $3.91. Beneficient has a one year low of $1.19 and a one year high of $254.40.

Beneficient (NASDAQ:BENF) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.17 EPS for the quarter. The company had revenue of $10.05 million during the quarter. Equities analysts predict that Beneficient will post -1.72 EPS for the current year.

Beneficient Company Profile

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.