Beneficient (NASDAQ:BENF) Short Interest Update

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

Insider Activity at Beneficient

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

Institutional Trading of Beneficient

An institutional investor recently bought a new position in Beneficient stock. Bank of New York Mellon Corp acquired a new position in shares of Beneficient (NASDAQ:BENF) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 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 Stock Down 4.7 %

Beneficient stock traded down $0.21 during midday trading on Friday, hitting $4.22. 46,667 shares of the company’s stock were exchanged, compared to its average volume of 273,946. The firm has a 50-day moving average of $7.58 and a two-hundred day moving average of $29.90. Beneficient has a 12 month low of $3.76 and a 12 month high of $1,320.00.

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

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.