Short Interest in Beneficient (NASDAQ:BENF) Drops By 65.4%

Beneficient (NASDAQ:BENF) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 298,900 shares, a drop of 65.4% from the August 31st total of 862,800 shares. Based on an average trading volume of 3,420,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 4.2% of the shares of the company are short sold. Approximately 4.2% of the shares of the company are short sold. Based on an average trading volume of 3,420,000 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Beneficient in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Beneficient Stock Performance

Shares of NASDAQ BENF opened at $0.89 on Friday. Beneficient has a 52 week low of $0.22 and a 52 week high of $2.36. The business has a 50-day simple moving average of $0.41 and a two-hundred day simple moving average of $0.35.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Beneficient stock. Jane Street Group LLC bought a new position in Beneficient (NASDAQ:BENF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 52,307 shares of the company’s stock, valued at approximately $39,000. Jane Street Group LLC owned 1.03% of Beneficient as of its most recent SEC filing. Institutional investors own 90.57% of the company’s stock.

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.