Beneficient (NASDAQ:BENF – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 217,800 shares, an increase of 19.4% from the August 31st total of 182,400 shares. Currently, 6.6% of the shares of the company are short sold. Based on an average daily volume of 2,820,000 shares, the days-to-cover ratio is currently 0.1 days.
Insider Activity
In other Beneficient news, major shareholder Gwg Wind Down Trust sold 26,470 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $2.40, for a total value of $63,528.00. Following the completion of the transaction, the insider now owns 1,751,708 shares of the company’s stock, valued at approximately $4,204,099.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Peter T. Cangany, Jr. purchased 30,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average cost of $1.97 per share, with a total value of $59,100.00. Following the acquisition, the director now directly owns 125,000 shares of the company’s stock, valued at $246,250. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Gwg Wind Down Trust sold 26,470 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $2.40, for a total value of $63,528.00. Following the completion of the transaction, the insider now owns 1,751,708 shares in the company, valued at $4,204,099.20. 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 ninety days. 7.10% of the stock is currently owned by corporate insiders.
Beneficient Stock Down 1.6 %
BENF stock traded down $0.02 during trading on Monday, reaching $1.24. The stock had a trading volume of 36,959 shares, compared to its average volume of 1,281,279. The stock’s 50 day moving average is $2.12 and its two-hundred day moving average is $3.44. Beneficient has a 52 week low of $1.11 and a 52 week high of $213.60.
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.
Featured Articles
- Five stocks we like better than Beneficient
- The Significance of Brokerage Rankings in Stock Selection
- TJX Stock: A Buying Opportunity Before the Holiday Rush
- The 3 Best Fintech Stocks to Buy Now
- Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge
- How to invest in marijuana stocks in 7 steps
- Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth
Receive News & Ratings for Beneficient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beneficient and related companies with MarketBeat.com's FREE daily email newsletter.