Beneficient (NASDAQ:BENF) Short Interest Update

Key Points

• Short interest in Beneficient fell by 21.9% in March to 196,071 shares (about 1.5% of shares outstanding), leaving a short-interest ratio of 8.6 days based on average daily volume of 22,682 shares.
• Jane Street Group LLC initiated a new stake of 18,922 shares (~$133,000), while hedge funds and other institutions collectively own roughly 90.57% of the company.
• Analyst coverage is mixed but the consensus remains a "Sell" (one analyst); BENF opened at $3.07, with a 52-week range of $1.75–$12.48 and 50-/200-day simple moving averages of $3.89 and $4.86, respectively.

Beneficient (NASDAQ:BENF - Get Free Report) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 196,071 shares, a decrease of 21.9% from the March 15th total of 251,170 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 22,682 shares, the short-interest ratio is presently 8.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Beneficient stock. Jane Street Group LLC purchased a new position in Beneficient (NASDAQ:BENF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,922 shares of the company's stock, valued at approximately $133,000. Jane Street Group LLC owned 0.14% of Beneficient as of its most recent SEC filing. Hedge funds and other institutional investors own 90.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BENF. Weiss Ratings restated a "sell (e+)" rating on shares of Beneficient in a report on Friday, March 27th. Wall Street Zen upgraded Beneficient from a "sell" rating to a "hold" rating in a report on Saturday, February 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell".

Beneficient Stock Performance

BENF stock opened at $3.07 on Wednesday. Beneficient has a 52-week low of $1.75 and a 52-week high of $12.48. The stock's fifty day simple moving average is $3.89 and its 200-day simple moving average is $4.86.

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.

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