Short Interest in Beneficient (NASDAQ:BENF) Grows By 84.8%

Beneficient (NASDAQ:BENF) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 139,093 shares, an increase of 84.8% from the December 15th total of 75,248 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 321,496 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 321,496 shares, the short-interest ratio is currently 0.4 days. Currently, 1.1% of the company’s stock are sold short.

Beneficient Stock Performance

Shares of NASDAQ:BENF opened at $5.19 on Thursday. Beneficient has a 1 year low of $1.75 and a 1 year high of $12.48. The business has a fifty day moving average price of $5.46 and a two-hundred day moving average price of $4.30.

Analysts Set New Price Targets

BENF has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Beneficient in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Beneficient to a “sell” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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.