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

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

Institutional Trading of Brand Engagement Network

An institutional investor recently bought a new position in Brand Engagement Network stock. Corps Capital Advisors LLC purchased a new stake in shares of Brand Engagement Network, Inc. (NASDAQ:BNAI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC. Institutional investors and hedge funds own 15.80% of the company’s stock.

Brand Engagement Network Stock Performance

NASDAQ:BNAI traded up $0.00 during midday trading on Friday, hitting $0.67. 1,552,563 shares of the company traded hands, compared to its average volume of 506,992. The firm’s fifty day moving average is $0.68 and its 200-day moving average is $0.99. Brand Engagement Network has a 12-month low of $0.33 and a 12-month high of $19.75.

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.