Beneficient (NASDAQ:BENF) Short Interest Up 34.0% in February

Beneficient (NASDAQ:BENF) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 207,800 shares, an increase of 34.0% from the January 31st total of 155,100 shares. Currently, 5.7% of the company’s stock are short sold. Based on an average trading volume of 619,500 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Stifel Financial Corp boosted its position in shares of Beneficient by 138.2% during the third quarter. Stifel Financial Corp now owns 24,300 shares of the company’s stock valued at $30,000 after buying an additional 14,100 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Beneficient during the fourth quarter valued at approximately $28,000. Jane Street Group LLC purchased a new position in shares of Beneficient during the fourth quarter valued at approximately $39,000. State Street Corp purchased a new position in shares of Beneficient during the third quarter valued at approximately $73,000. Finally, Ausdal Financial Partners Inc. boosted its position in shares of Beneficient by 214.3% during the fourth quarter. Ausdal Financial Partners Inc. now owns 63,379 shares of the company’s stock valued at $47,000 after buying an additional 43,217 shares during the last quarter. Hedge funds and other institutional investors own 90.57% of the company’s stock.

Beneficient Stock Performance

NASDAQ BENF opened at $0.32 on Thursday. Beneficient has a 52 week low of $0.29 and a 52 week high of $13.22. The business has a 50 day moving average price of $0.60 and a 200-day moving average price of $1.03.

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.