Short Interest in Beneficient (NASDAQ:BENF) Decreases By 19.2%

Beneficient (NASDAQ:BENF) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 108,900 shares, a drop of 19.2% from the October 31st total of 134,700 shares. Currently, 2.9% of the company’s stock are short sold. Based on an average trading volume of 5,500,000 shares, the short-interest ratio is presently 0.0 days.

Beneficient Price Performance

NASDAQ BENF traded down $0.04 during trading on Friday, hitting $0.87. 347,867 shares of the company traded hands, compared to its average volume of 2,063,443. Beneficient has a 12 month low of $0.72 and a 12 month high of $51.14. The business has a fifty day simple moving average of $1.23 and a 200 day simple moving average of $2.24.

Insider Buying and Selling

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 transaction of $186,730.25. Following the completion of the sale, the insider now directly owns 536,475 shares in the company, valued at approximately $938,831.25. This trade represents a 16.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter T. Cangany, Jr. acquired 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average price of $0.93 per share, with a total value of $69,750.00. Following the completion of the acquisition, the director now owns 300,000 shares of the company’s stock, valued at $279,000. This represents a 33.33 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 778,762 shares of company stock worth $1,932,855. Corporate insiders own 13.69% of the company’s stock.

Hedge Funds Weigh In On Beneficient

An institutional investor recently raised its position in Beneficient stock. Stifel Financial Corp lifted its holdings in Beneficient (NASDAQ:BENF) by 138.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,300 shares of the company’s stock after purchasing an additional 14,100 shares during the period. Stifel Financial Corp owned 0.57% of Beneficient worth $30,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 90.57% of the company’s stock.

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.