Beneficient (NASDAQ:BENFW – Get Free Report) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 42,561 shares, a growth of 634.1% from the February 26th total of 5,798 shares. Based on an average daily trading volume, of 58,410 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 58,410 shares, the days-to-cover ratio is presently 0.7 days.
Beneficient Stock Down 10.8%
BENFW stock traded down $0.00 during midday trading on Tuesday, reaching $0.01. 26,344 shares of the company’s stock traded hands, compared to its average volume of 105,394. Beneficient has a 52-week low of $0.00 and a 52-week high of $0.04. The stock’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.
Further Reading
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