Beneficient (NASDAQ:BENF) Short Interest Up 59.5% in August

Beneficient (NASDAQ:BENF) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 125,700 shares, a growth of 59.5% from the July 31st total of 78,800 shares. Currently, 5.7% of the company’s shares are short sold. Based on an average daily trading volume, of 978,500 shares, the days-to-cover ratio is currently 0.1 days.

Insider Activity at Beneficient

In other news, major shareholder Gwg Wind Down Trust sold 26,470 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $2.40, for a total value of $63,528.00. Following the completion of the transaction, the insider now owns 1,751,708 shares of the company’s stock, valued at approximately $4,204,099.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Gwg Wind Down Trust sold 26,470 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $2.40, for a total transaction of $63,528.00. Following the sale, the insider now owns 1,751,708 shares in the company, valued at approximately $4,204,099.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Peter T. Cangany, Jr. purchased 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average price of $1.97 per share, with a total value of $59,100.00. Following the completion of the purchase, the director now owns 125,000 shares in the company, valued at $246,250. The disclosure for this purchase can be found here. Insiders have sold 79,411 shares of company stock worth $186,630 over the last 90 days. 7.10% of the stock is owned by company insiders.

Beneficient Stock Down 5.1 %

NASDAQ:BENF traded down $0.08 on Friday, reaching $1.50. 153,366 shares of the stock traded hands, compared to its average volume of 708,048. Beneficient has a 12 month low of $1.38 and a 12 month high of $287.20. The company’s fifty day simple moving average is $2.88 and its 200 day simple moving average is $5.24.

Beneficient (NASDAQ:BENF) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.17 earnings per share for the quarter. The firm had revenue of $10.05 million during the quarter.

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.