Short Interest in Beneficient (NASDAQ:BENF) Expands By 45.1%

Beneficient (NASDAQ:BENF) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 182,400 shares, an increase of 45.1% from the August 15th total of 125,700 shares. Based on an average daily volume of 2,800,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.2% of the shares of the company are sold short.

Beneficient Price Performance

Shares of Beneficient stock traded down $0.02 during trading on Friday, reaching $1.27. The company’s stock had a trading volume of 1,227,450 shares, compared to its average volume of 1,349,495. Beneficient has a 52-week low of $1.19 and a 52-week high of $254.40. The firm’s 50-day moving average is $2.68 and its two-hundred day moving average is $3.91.

Beneficient (NASDAQ:BENF) last issued its earnings results on Wednesday, August 14th. The company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $10.05 million during the quarter. Equities research analysts expect that Beneficient will post -1.72 EPS for the current year.

Insider Buying and Selling at Beneficient

In other news, major shareholder Gwg Wind Down Trust sold 479,511 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $2.93, for a total value of $1,404,967.23. Following the completion of the transaction, the insider now directly owns 643,178 shares in the company, valued at $1,884,511.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Peter T. Cangany, Jr. bought 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average cost of $1.97 per share, for a total transaction of $59,100.00. Following the completion of the transaction, the director now owns 125,000 shares of the company’s stock, valued at $246,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Gwg Wind Down Trust sold 479,511 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $2.93, for a total value of $1,404,967.23. Following the completion of the transaction, the insider now owns 643,178 shares of the company’s stock, valued at $1,884,511.54. The disclosure for this sale can be found here. Insiders have sold a total of 665,625 shares of company stock valued at $1,778,328 over the last three months. 7.10% of the stock is currently owned by insiders.

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.