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

Brand Engagement Network, Inc. (NASDAQ:BNAI) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 1,410,000 shares, a growth of 961.7% from the January 31st total of 132,800 shares. Based on an average daily volume of 4,910,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 5.4% of the company’s stock are short sold.

Brand Engagement Network Stock Performance

Shares of BNAI stock traded down $0.03 during mid-day trading on Friday, hitting $0.37. 87,175 shares of the stock traded hands, compared to its average volume of 6,799,805. Brand Engagement Network has a 52-week low of $0.33 and a 52-week high of $19.75. The stock’s fifty day moving average is $0.63 and its two-hundred day moving average is $0.91.

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 position in shares of Brand Engagement Network, Inc. (NASDAQ:BNAI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 172,579 shares of the company’s stock, valued at approximately $168,000. Corps Capital Advisors LLC owned approximately 0.45% of Brand Engagement Network at the end of the most recent quarter. 15.80% of the stock is owned by hedge funds and other institutional investors.

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.