Short Interest in Beneficient (NASDAQ:BENF) Rises By 261.3%

Beneficient (NASDAQ:BENF) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 1,080,000 shares, an increase of 261.3% from the September 15th total of 298,900 shares. Based on an average daily trading volume, of 13,980,000 shares, the short-interest ratio is currently 0.1 days. Approximately 13.6% of the company’s stock are sold short. Approximately 13.6% of the company’s stock are sold short. Based on an average daily trading volume, of 13,980,000 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Beneficient in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Beneficient currently has an average rating of “Sell”.

Beneficient Trading Down 4.7%

BENF stock opened at $0.52 on Monday. The company has a fifty day moving average price of $0.46 and a 200 day moving average price of $0.36. Beneficient has a 12 month low of $0.22 and a 12 month high of $2.36.

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.