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

Beneficient (NASDAQ:BENF – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 311,505 shares, a growth of 168.8% from the August 31st total of 115,886 shares. Based on an average trading volume of 1,628,608 shares, the days-to-cover ratio is presently 0.2 days. Approximately 2.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Beneficient in a research note on Monday, September 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Beneficient presently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on Beneficient

Beneficient Stock Down 2.7%

Beneficient stock opened at $1.42 on Tuesday. The business has a 50 day moving average price of $2.21 and a two-hundred day moving average price of $3.04. Beneficient has a 12 month low of $0.50 and a 12 month high of $12.48. The stock has a market cap of $20.62 million, a price-to-earnings ratio of -0.20 and a beta of -0.04.

Beneficient (NASDAQ:BENF – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($2.06) by $1.59. The firm had revenue of $15.93 million for the quarter, compared to analyst estimates of $10.16 million. On average, analysts expect that Beneficient will post -9.5 earnings per share for the current fiscal year.

About Beneficient

(Get Free Report)

Beneficient is a financial services company that provides liquidity solutions for holders of alternative assets. Its platform is designed to help investors access cash from otherwise illiquid investments, including interests in private equity, private credit, venture capital, real estate and other privately held assets.

The company offers trust-based liquidity and wealth-management solutions intended to simplify the process of monetizing alternative investments. Beneficient also provides related administrative, custody and fiduciary services through its technology-enabled platform, serving individual investors, trusts and other eligible asset holders.

Beneficient is headquartered in Dallas, Texas.

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