Brand Engagement Network, Inc. (NASDAQ:BNAI) Sees Large Drop in Short Interest

Brand Engagement Network, Inc. (NASDAQ:BNAI) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 106,700 shares, a drop of 30.0% from the October 31st total of 152,400 shares. Based on an average daily trading volume, of 142,200 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Brand Engagement Network

An institutional investor recently bought a new position in Brand Engagement Network stock. Atlas Merchant Capital LLC acquired a new stake in shares of Brand Engagement Network, Inc. (NASDAQ:BNAI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 175,000 shares of the company’s stock, valued at approximately $604,000. Atlas Merchant Capital LLC owned 0.53% of Brand Engagement Network at the end of the most recent quarter. Hedge funds and other institutional investors own 15.80% of the company’s stock.

Brand Engagement Network Trading Down 10.4 %

Shares of Brand Engagement Network stock traded down $0.09 on Friday, hitting $0.82. 227,845 shares of the company’s stock were exchanged, compared to its average volume of 1,095,553. Brand Engagement Network has a 1 year low of $0.71 and a 1 year high of $19.75. The company has a 50-day simple moving average of $0.92 and a 200-day simple moving average of $1.86.

Brand Engagement Network Company Profile

Brand Engagement Network, Inc provides conversational AI assistants. The company offers security-focused, multimodal communication, and human-like assistants. Its AI assistants are built on proprietary natural language processing, anomaly detection, multisensory awareness, sentiment, and environmental analysis, as well as real-time individuation and personalization capabilities.