Beneficient (NASDAQ:BENF) Short Interest Update

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

Wall Street Analyst Weigh In

A number of brokerages have commented on BENF. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beneficient in a report on Monday. Wall Street Zen upgraded shares of Beneficient to a “sell” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Beneficient Trading Down 2.8%

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

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. 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.