Beneficient (NASDAQ:BENF) Sees Large Decline in Short Interest

Beneficient (NASDAQ:BENF) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 251,170 shares, a decrease of 22.1% from the February 26th total of 322,563 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 31,415 shares, the short-interest ratio is currently 8.0 days.

Institutional Investors Weigh In On Beneficient

A hedge fund recently bought a new stake in Beneficient stock. Jane Street Group LLC acquired a new position in Beneficient (NASDAQ:BENF) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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. 90.57% of the stock is owned by institutional investors and hedge funds.

Beneficient Price Performance

Shares of NASDAQ BENF opened at $3.21 on Friday. Beneficient has a 1 year low of $1.75 and a 1 year high of $12.48. The firm has a fifty day moving average price of $4.14 and a 200-day moving average price of $4.82.

Analysts Set New Price Targets

BENF has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Beneficient in a research report on Monday, December 29th. Wall Street Zen upgraded Beneficient from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Beneficient currently has a consensus 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.