Short Interest in Beneficient (NASDAQ:BENFW) Declines By 97.7%
by Amy Steele · The Cerbat GemBeneficient (NASDAQ:BENFW – Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totaling 994 shares, a drop of 97.7% from the March 15th total of 42,561 shares. Based on an average daily volume of 110,223 shares, the short-interest ratio is currently 0.0 days.
Beneficient Stock Up 3.7%
Shares of BENFW traded up $0.00 during midday trading on Friday, reaching $0.01. 256,118 shares of the stock were exchanged, compared to its average volume of 106,087. Beneficient has a 12-month low of $0.00 and a 12-month high of $0.04. The firm has a 50 day simple moving average of $0.01 and a 200-day simple moving average of $0.01.
Beneficient Company Profile
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.