Beneficient (NASDAQ:BENF – Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 251,170 shares, a drop of 22.1% from the February 26th total of 322,563 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily volume of 31,415 shares, the short-interest ratio is currently 8.0 days.
Wall Street Analyst Weigh In
BENF has been the topic of several research reports. Wall Street Zen raised Beneficient from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Beneficient in a research report on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on Beneficient
Beneficient Stock Performance
Hedge Funds Weigh In On Beneficient
A hedge fund recently bought a new stake in Beneficient stock. Jane Street Group LLC acquired a new position in shares of Beneficient (NASDAQ:BENF – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,922 shares of the company’s stock, valued at approximately $133,000. Jane Street Group LLC owned 0.14% of Beneficient at the end of the most recent quarter. 90.57% of the stock is currently owned by hedge funds and other 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. The company offers Ben 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.
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