Short Interest in Brand Engagement Network, Inc. (NASDAQ:BNAI) Declines By 30.0%

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

Institutional Trading of Brand Engagement Network

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

Brand Engagement Network Trading Down 10.4 %

Shares of NASDAQ BNAI traded down $0.09 during trading hours on Friday, hitting $0.82. The company had a trading volume of 223,845 shares, 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 firm’s 50 day moving average is $0.92 and its 200-day moving average is $1.87.

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.