Beneficient (NASDAQ:BENF) Short Interest Up 243.2% in February

Beneficient (NASDAQ:BENF) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 322,563 shares, an increase of 243.2% from the February 12th total of 94,000 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average daily trading volume, of 2,947,965 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 2,947,965 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.5% of the shares of the company are short sold.

Institutional Trading of Beneficient

A hedge fund recently raised its stake in Beneficient stock. Geode Capital Management LLC boosted its stake in Beneficient (NASDAQ:BENF) by 154.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,257 shares of the company’s stock after buying 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 reporting period. 90.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on BENF. Wall Street Zen raised shares of Beneficient from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Beneficient in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Beneficient Price Performance

Shares of NASDAQ BENF opened at $3.80 on Wednesday. The firm has a fifty day moving average of $4.66 and a 200 day moving average of $4.79. Beneficient has a one year low of $1.75 and a one year high of $12.48.

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.