Brand Engagement Network, Inc. (NASDAQ:BNAI) Short Interest Up 97.6% in December

Brand Engagement Network, Inc. (NASDAQ:BNAI) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,100,000 shares, a growth of 97.6% from the December 15th total of 556,600 shares. Currently, 4.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,050,000 shares, the days-to-cover ratio is presently 1.0 days.

Brand Engagement Network Stock Down 4.8 %

Shares of BNAI stock traded down $0.03 during trading hours on Tuesday, reaching $0.63. 126,203 shares of the company traded hands, compared to its average volume of 1,313,254. The firm has a 50-day moving average price of $0.83 and a 200 day moving average price of $1.39. Brand Engagement Network has a 12-month low of $0.62 and a 12-month high of $19.75.

Institutional Investors Weigh In On Brand Engagement Network

An institutional investor recently bought a new position in Brand Engagement Network stock. Atlas Merchant Capital LLC bought a new stake in shares of Brand Engagement Network, Inc. (NASDAQ:BNAI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 175,000 shares of the company’s stock, valued at approximately $604,000. Atlas Merchant Capital LLC owned approximately 0.53% of Brand Engagement Network as of its most recent filing with the Securities & Exchange Commission. 15.80% of the stock is owned by institutional investors and hedge funds.

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.