Beneficient (NASDAQ:BENF) Short Interest Up 19.4% in September

Beneficient (NASDAQ:BENF) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 217,800 shares, an increase of 19.4% from the August 31st total of 182,400 shares. Currently, 6.6% of the shares of the stock are short sold. Based on an average trading volume of 2,820,000 shares, the days-to-cover ratio is presently 0.1 days.

Beneficient Price Performance

Shares of Beneficient stock traded down $0.16 on Friday, reaching $1.26. The company had a trading volume of 97,350 shares, compared to its average volume of 1,287,927. The firm’s 50-day moving average price is $2.12 and its two-hundred day moving average price is $3.47. Beneficient has a 1 year low of $1.11 and a 1 year high of $224.80.

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

Insiders Place Their Bets

In other Beneficient news, major shareholder Gwg Wind Down Trust sold 479,511 shares of Beneficient stock in a transaction that occurred on 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 sale, the insider now owns 643,178 shares of the company’s stock, valued at approximately $1,884,511.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Peter T. Cangany, Jr. bought 30,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average price of $1.97 per share, for a total transaction of $59,100.00. Following the acquisition, the director now owns 125,000 shares in the company, valued at $246,250. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Gwg Wind Down Trust sold 479,511 shares of Beneficient stock in a transaction that occurred on 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 approximately $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 in the last quarter. 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.