Beneficient (NASDAQ:BENF) Stock Short Interest Climbs 168.8%

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Beneficient in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Beneficient Price Performance

BENF stock opened at $1.46 on Friday. The company has a market capitalization of $21.20 million, a P/E ratio of -0.21 and a beta of -0.04. Beneficient has a 12 month low of $0.50 and a 12 month high of $12.48. The firm’s fifty day simple moving average is $2.25 and its 200-day simple moving average is $3.06.

Beneficient (NASDAQ:BENF) last issued its earnings results on Friday, August 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.06) by $1.59. The business had revenue of $15.93 million for the quarter, compared to analysts’ expectations of $10.16 million. As a group, sell-side analysts forecast that Beneficient will post -9.5 earnings per share for the current year.

About Beneficient

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.