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

Brand Engagement Network, Inc. (NASDAQ:BNAI) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 132,800 shares, a drop of 55.2% from the January 15th total of 296,100 shares. Based on an average daily 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.

Brand Engagement Network Stock Performance

BNAI stock traded up $0.00 during midday trading on Friday, reaching $0.67. The company’s stock had a trading volume of 1,552,563 shares, compared to its average volume of 506,992. The stock has a fifty day simple moving average of $0.68 and a two-hundred day simple moving average of $0.99. Brand Engagement Network has a 1 year low of $0.33 and a 1 year high of $19.75.

Institutional Trading of Brand Engagement Network

An institutional investor recently bought a new position in Brand Engagement Network stock. Corps Capital Advisors LLC bought a new position in Brand Engagement Network, Inc. (NASDAQ:BNAI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 SEC filing. 15.80% of the stock is owned by 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.