Short Interest in Beneficient (NASDAQ:BENFW) Drops By 24.2%

Beneficient (NASDAQ:BENFW) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 2,500 shares, a drop of 24.2% from the March 31st total of 3,300 shares. Based on an average trading volume of 33,500 shares, the days-to-cover ratio is presently 0.1 days.

Beneficient Stock Performance

BENFW remained flat at $0.01 during midday trading on Monday. 77,637 shares of the company’s stock traded hands, compared to its average volume of 42,180. Beneficient has a 52-week low of $0.01 and a 52-week high of $0.14. The firm has a fifty day moving average price of $0.01 and a 200-day moving average price of $0.01.

About Beneficient

Beneficient, a technology-enabled financial service company, provides liquidity solutions and related trust, custody and administrative services to participants in the alternative asset industry. The company operates through Ben Liquidity, Ben Custody, and Customer ExAlt Trusts segments. It offers 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.