Beneficient (NASDAQ:BENF) Short Interest Down 29.1% in December

Beneficient (NASDAQ:BENF) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 226,400 shares, a drop of 29.1% from the November 30th total of 319,300 shares. Based on an average trading volume of 3,750,000 shares, the short-interest ratio is presently 0.1 days. Currently, 6.1% of the shares of the company are short sold.

Insiders Place Their Bets

In other news, major shareholder Gwg Wind Down Trust sold 188,292 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $1.79, for a total value of $337,042.68. Following the transaction, the insider now directly owns 348,183 shares in the company, valued at $623,247.57. The trade was a 35.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter T. Cangany, Jr. acquired 75,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of $0.93 per share, with a total value of $69,750.00. Following the purchase, the director now owns 300,000 shares of the company’s stock, valued at approximately $279,000. This trade represents a 33.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 206,021 shares of company stock worth $351,333. Company insiders own 13.69% of the company’s stock.

Hedge Funds Weigh In On Beneficient

An institutional investor recently raised its position in Beneficient stock. Stifel Financial Corp raised its stake in Beneficient (NASDAQ:BENF) by 138.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,300 shares of the company’s stock after acquiring an additional 14,100 shares during the period. Stifel Financial Corp owned approximately 0.57% of Beneficient worth $30,000 as of its most recent SEC filing. Institutional investors and hedge funds own 90.57% of the company’s stock.

Beneficient Stock Down 3.7 %

NASDAQ BENF traded down $0.03 during trading hours on Friday, reaching $0.70. The company’s stock had a trading volume of 420,047 shares, compared to its average volume of 1,938,208. Beneficient has a 1 year low of $0.60 and a 1 year high of $44.00. The firm’s 50-day moving average price is $1.00 and its 200-day moving average price is $1.85.

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.