Brand Engagement Network, Inc. (NASDAQ:BNAI) Short Interest Down 86.9% in February

Brand Engagement Network, Inc. (NASDAQ:BNAI) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 184,800 shares, a drop of 86.9% from the February 13th total of 1,410,000 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,930,000 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Brand Engagement Network

A hedge fund recently bought a new stake in Brand Engagement Network stock. Corps Capital Advisors LLC acquired a new stake in shares of Brand Engagement Network, Inc. (NASDAQ:BNAI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 currently owned by institutional investors and hedge funds.

Brand Engagement Network Price Performance

Shares of NASDAQ BNAI opened at $0.40 on Thursday. Brand Engagement Network has a 1-year low of $0.30 and a 1-year high of $19.75. The stock’s 50-day moving average is $0.55 and its 200 day moving average is $0.80.

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.