Beneficient (NASDAQ:BENFW – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 21,574 shares, a drop of 50.2% from the July 15th total of 43,321 shares. Based on an average trading volume of 27,813 shares, the days-to-cover ratio is presently 0.8 days.
Beneficient Stock Performance
Shares of NASDAQ:BENFW remained flat at $0.01 during trading hours on Monday. 1,389 shares of the company’s stock were exchanged, compared to its average volume of 74,378. Beneficient has a 52 week low of $0.01 and a 52 week high of $0.04. The business’s 50-day moving average is $0.01 and its 200 day moving average is $0.01.
About Beneficient
Beneficient (NASDAQ: BENFW) is a global specialty finance company that provides non-dilutive, senior secured lending solutions to corporate and institutional clients. Focused on the middle‐market segment, the firm structures bespoke credit facilities that enable companies to fund growth initiatives, acquisitions and working capital needs without diluting equity interests. Beneficient’s transaction sizes typically range from tens of millions to several hundred million dollars, tailored to the specific requirements of each borrower.
The company’s product suite includes asset-based lending, cash-flow financing and cross-border credit solutions.
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