Short Interest in Beneficient (NASDAQ:BENF) Decreases By 29.1%

Beneficient (NASDAQ:BENF) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 226,400 shares, a decline of 29.1% from the November 30th total of 319,300 shares. Based on an average daily trading volume, of 3,750,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 6.1% of the shares of the company are sold short.

Beneficient Stock Performance

Shares of NASDAQ BENF traded down $0.03 during trading hours on Friday, reaching $0.70. The stock had a trading volume of 420,047 shares, compared to its average volume of 1,938,208. Beneficient has a twelve month low of $0.60 and a twelve month high of $44.00. The business’s fifty day moving average is $1.00 and its two-hundred day moving average is $1.87.

Insider Transactions at Beneficient

In other news, major shareholder Gwg Wind Down Trust sold 188,292 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $1.79, for a total transaction of $337,042.68. Following the transaction, the insider now owns 348,183 shares in the company, valued at approximately $623,247.57. The trade was a 35.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter T. Cangany, Jr. acquired 75,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were bought at an average cost of $0.93 per share, with a total value of $69,750.00. Following the transaction, the director now directly owns 300,000 shares of the company’s stock, valued at $279,000. The trade was a 33.33 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 206,021 shares of company stock worth $351,333 over the last three months. 13.69% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Beneficient

An institutional investor recently raised its position in Beneficient stock. Stifel Financial Corp boosted its holdings in Beneficient (NASDAQ:BENF) by 138.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,300 shares of the company’s stock after acquiring an additional 14,100 shares during the quarter. Stifel Financial Corp owned 0.57% of Beneficient worth $30,000 at the end of the most recent quarter. 90.57% of the stock is currently owned by institutional investors.

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.