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

Beneficient (NASDAQ:BENF) saw a large increase in short interest in 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. Approximately 6.6% of the company’s shares are sold short. Based on an average trading volume of 2,820,000 shares, the days-to-cover ratio is presently 0.1 days.

Insider Activity at Beneficient

In other Beneficient news, major shareholder Gwg Wind Down Trust sold 31,060 shares of Beneficient stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $2.38, for a total transaction of $73,922.80. Following the completion of the sale, the insider now directly owns 1,698,556 shares of the company’s stock, valued at approximately $4,042,563.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Peter T. Cangany, Jr. bought 30,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of $1.97 per share, with a total value of $59,100.00. Following the transaction, the director now directly owns 125,000 shares in the company, valued at approximately $246,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Gwg Wind Down Trust sold 31,060 shares of Beneficient stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $2.38, for a total value of $73,922.80. Following the sale, the insider now directly owns 1,698,556 shares of the company’s stock, valued at $4,042,563.28. The disclosure for this sale can be found here. Insiders sold a total of 665,625 shares of company stock worth $1,778,328 in the last quarter. 7.10% of the stock is owned by company insiders.

Beneficient Trading Down 11.3 %

NASDAQ BENF traded down $0.16 on Friday, reaching $1.26. 97,350 shares of the stock traded hands, compared to its average volume of 1,287,927. The company has a fifty day moving average price of $2.12 and a 200-day moving average price of $3.47. Beneficient has a 12 month low of $1.11 and a 12 month high of $224.80.

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

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.