Beneficient (NASDAQ:BENF) Short Interest Update

Beneficient (NASDAQ:BENFGet Free Report) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 251,170 shares, a drop of 22.1% from the February 26th total of 322,563 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average daily volume of 31,415 shares, the days-to-cover ratio is currently 8.0 days.

Beneficient Stock Down 1.8%

Shares of BENF stock opened at $3.21 on Friday. Beneficient has a 12-month low of $1.75 and a 12-month high of $12.48. The stock’s 50-day moving average price is $4.14 and its 200-day moving average price is $4.82.

Institutional Trading of Beneficient

An institutional investor recently raised its position in Beneficient stock. Geode Capital Management LLC raised its position in shares of Beneficient (NASDAQ:BENFFree Report) by 154.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,257 shares of the company’s stock after acquiring an additional 93,709 shares during the period. Geode Capital Management LLC owned approximately 1.11% of Beneficient worth $1,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 90.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BENF shares. Wall Street Zen upgraded Beneficient from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Beneficient in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

View Our Latest Analysis on BENF

Beneficient Company Profile

(Get Free Report)

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.

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