Beneficient (NASDAQ:BENFW – Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 21,574 shares, a drop of 50.2% from the July 15th total of 43,321 shares. Based on an average daily trading volume, of 27,813 shares, the days-to-cover ratio is presently 0.8 days.
Beneficient Stock Performance
Shares of NASDAQ:BENFW remained flat at $0.01 during midday trading on Tuesday. The stock’s 50 day moving average is $0.01 and its 200 day moving average is $0.01. Beneficient has a twelve month low of $0.01 and a twelve month high of $0.04.
Beneficient Company Profile
Beneficient (NASDAQ: BENFW) is a global specialty finance company that provides non-dilutive, senior secured lending solutions to corporate and institutional clients. Focused on the middle‐market segment, the firm structures bespoke credit facilities that enable companies to fund growth initiatives, acquisitions and working capital needs without diluting equity interests. Beneficient’s transaction sizes typically range from tens of millions to several hundred million dollars, tailored to the specific requirements of each borrower.
The company’s product suite includes asset-based lending, cash-flow financing and cross-border credit solutions.
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