Short Interest in Beneficient (NASDAQ:BENF) Expands By 40.8%

Beneficient (NASDAQ:BENF) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 37,300 shares, an increase of 40.8% from the May 31st total of 26,500 shares. Currently, 2.5% of the company’s stock are sold short. Based on an average trading volume of 845,200 shares, the days-to-cover ratio is presently 0.0 days.

Beneficient Stock Down 11.2 %

Shares of NASDAQ BENF traded down $0.28 during midday trading on Friday, reaching $2.22. 427,344 shares of the company’s stock were exchanged, compared to its average volume of 109,996. Beneficient has a 52-week low of $1.86 and a 52-week high of $287.20. The business’s fifty day moving average price is $3.59 and its two-hundred day moving average price is $14.21.

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.