Short Interest in Beneficient (NASDAQ:BENF) Increases By 107.3%

Beneficient (NASDAQ:BENF) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 406,447 shares, a growth of 107.3% from the March 31st total of 196,071 shares. Approximately 3.2% of the shares of the stock are sold short. Based on an average daily volume of 1,280,214 shares, the short-interest ratio is presently 0.3 days.

Beneficient Price Performance

BENF stock opened at $3.23 on Friday. Beneficient has a 12 month low of $1.95 and a 12 month high of $12.48. The firm has a 50 day simple moving average of $3.70 and a 200 day simple moving average of $4.69.

Institutional Trading of Beneficient

An institutional investor recently raised its position in Beneficient stock. Geode Capital Management LLC increased its stake in Beneficient (NASDAQ:BENF) by 154.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 154,257 shares of the company’s stock after acquiring an additional 93,709 shares during the quarter. Geode Capital Management LLC owned approximately 1.11% of Beneficient worth $1,084,000 at the end of the most recent quarter. Institutional investors own 90.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BENF shares. Wall Street Zen upgraded Beneficient from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beneficient in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average 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.