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

Brand Engagement Network, Inc. (NASDAQ:BNAI) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 132,800 shares, a decline of 55.2% from the January 15th total of 296,100 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 4,720,000 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Brand Engagement Network

A hedge fund recently bought a new stake in Brand Engagement Network stock. Corps Capital Advisors LLC purchased a new stake in Brand Engagement Network, Inc. (NASDAQ:BNAI) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 172,579 shares of the company’s stock, valued at approximately $168,000. Corps Capital Advisors LLC owned 0.45% of Brand Engagement Network at the end of the most recent reporting period. 15.80% of the stock is owned by institutional investors and hedge funds.

Brand Engagement Network Price Performance

BNAI traded down $0.03 during trading on Thursday, reaching $0.61. 1,040,643 shares of the company’s stock were exchanged, compared to its average volume of 8,828,135. The company’s fifty day moving average price is $0.68 and its 200-day moving average price is $1.01. Brand Engagement Network has a fifty-two week low of $0.33 and a fifty-two week high of $19.75.

About Brand Engagement Network

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.