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

Brand Engagement Network, Inc. (NASDAQ:BNAI) saw a significant drop in short interest in 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 trading volume of 142,200 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are sold short.

Brand Engagement Network Trading Down 10.4 %

Shares of BNAI stock traded down $0.09 on Friday, reaching $0.82. 223,845 shares of the stock were exchanged, compared to its average volume of 1,095,553. Brand Engagement Network has a one year low of $0.71 and a one year high of $19.75. The stock has a 50 day moving average price of $0.92 and a 200 day moving average price of $1.87.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Brand Engagement Network stock. Atlas Merchant Capital LLC purchased a new stake in Brand Engagement Network, Inc. (NASDAQ:BNAI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 reporting period. Institutional investors own 15.80% of the company’s stock.

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.