Beneficient (NASDAQ:BENF) Stock Short Interest Report for October

Beneficient (NASDAQ:BENF) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 516,945 shares, a decline of 45.6% from the September 30th total of 950,383 shares. Based on an average daily volume of 1,150,374 shares, the days-to-cover ratio is presently 0.4 days. Approximately 12.8% of the company’s stock are sold short.

Institutional Investors Weigh In On Beneficient

An institutional investor recently bought a new position in Beneficient stock. T3 Companies LLC purchased a new position in shares of Beneficient (NASDAQ:BENF) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 43,030 shares of the company’s stock, valued at approximately $59,000. T3 Companies LLC owned approximately 0.28% of Beneficient as of its most recent SEC filing. Institutional investors own 90.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BENF. Wall Street Zen raised Beneficient to a “hold” rating in a research note on Saturday, October 24th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beneficient in a research note on Monday, September 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Beneficient currently has an average rating of “Sell”.

Beneficient Price Performance

BENF stock traded down $0.07 during trading hours on Friday, reaching $0.73. 266,591 shares of the stock were exchanged, compared to its average volume of 643,123. The firm’s 50-day moving average is $1.33 and its 200-day moving average is $3.05. The company has a market cap of $11.35 million, a price-to-earnings ratio of -0.10 and a beta of -0.01. Beneficient has a 12 month low of $0.50 and a 12 month high of $9.96.

Beneficient (NASDAQ:BENF) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.06) by $1.59. The firm had revenue of $15.93 million during the quarter, compared to analyst estimates of $10.16 million. As a group, equities research analysts forecast that Beneficient will post -9.50 earnings per share for the current year.

Beneficient Company Profile

Beneficient (NASDAQ: BENF) is a financial services company that provides liquidity and trust solutions for holders of alternative assets. Its platform is designed to help investors access liquidity from interests in private equity, venture capital, private credit, real estate and other illiquid investments without relying solely on traditional secondary-market sales.

The company’s offerings include the ExAlt Plan, which is structured to allow eligible investors to contribute alternative assets to trusts in exchange for interests that may provide access to liquidity, and AltQuote, a technology-enabled service intended to help investors evaluate potential liquidity options for their holdings.