Beneficient (NASDAQ:BENF) Short Interest Down 31.7% in August

Beneficient (NASDAQ:BENF) was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 370,900 shares, adropof31.7% from the July 31st total of 543,200 shares. Based on an average trading volume of 3,890,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately5.2% of the company’s shares are short sold. Approximately5.2% of the company’s shares are short sold. Based on an average trading volume of 3,890,000 shares, the days-to-cover ratio is currently 0.1 days.

Beneficient Trading Up 3.8%

Shares of Beneficient stock opened at $0.41 on Monday. The firm has a fifty day moving average of $0.34 and a two-hundred day moving average of $0.32. Beneficient has a 52 week low of $0.22 and a 52 week high of $3.33.

Institutional Investors Weigh In On Beneficient

A hedge fund recently bought a new stake in Beneficient stock. Jane Street Group LLC bought a new stake in Beneficient (NASDAQ:BENF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,307 shares of the company’s stock, valued at approximately $39,000. Jane Street Group LLC owned 1.03% of Beneficient at the end of the most recent quarter. 90.57% of the stock is owned by institutional investors and hedge funds.

Beneficient Company Profile

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.