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

Beneficient (NASDAQ:BENF) saw a large drop in short interest in July. As of July 31st, there was short interest totalling 78,800 shares, a drop of 59.8% from the July 15th total of 196,200 shares. Currently, 4.0% of the company’s stock are short sold. Based on an average daily volume of 900,800 shares, the short-interest ratio is presently 0.1 days.

Beneficient Stock Performance

Shares of BENF traded up $0.17 during midday trading on Thursday, hitting $2.45. The company had a trading volume of 69,022 shares, compared to its average volume of 696,623. The company’s 50-day simple moving average is $3.11 and its 200-day simple moving average is $7.06. Beneficient has a 1 year low of $1.86 and a 1 year high of $287.20.

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.