Short Interest in Beneficient (NASDAQ:BENF) Decreases By 94.8%

Beneficient (NASDAQ:BENF) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 75,248 shares, a drop of 94.8% from the November 30th total of 1,455,762 shares. Based on an average trading volume of 252,897 shares, the short-interest ratio is presently 0.3 days. Approximately 6.7% of the shares of the stock are short sold. Approximately 6.7% of the shares of the stock are short sold. Based on an average trading volume of 252,897 shares, the short-interest ratio is presently 0.3 days.

Beneficient Price Performance

BENF stock traded down $0.25 during trading on Wednesday, reaching $8.58. The company had a trading volume of 113,504 shares, compared to its average volume of 821,311. Beneficient has a 52 week low of $1.75 and a 52 week high of $12.48. The business has a 50 day moving average of $5.28 and a 200 day moving average of $3.88.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Beneficient to a “sell” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Beneficient in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

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. The company offers Ben AltAccess platform for secure, online, and end-to-end delivery of each of the Ben business unit products and services, including upload documents, and work through tasks, and complete their transactions with standardized transaction agreements.