Brand Engagement Network, Inc. (NASDAQ:BNAI) Sees Significant Decrease in Short Interest

Brand Engagement Network, Inc. (NASDAQ:BNAI) was the recipient of 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. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 4,930,000 shares, the days-to-cover ratio is currently 0.0 days.

Brand Engagement Network Stock Performance

NASDAQ:BNAI opened at $0.40 on Friday. The firm has a 50-day moving average price of $0.55 and a two-hundred day moving average price of $0.80. Brand Engagement Network has a twelve month low of $0.30 and a twelve month high of $19.75.

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 bought a new stake in shares of Brand Engagement Network, Inc. (NASDAQ:BNAI) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 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. Institutional investors and hedge funds own 15.80% of the company’s stock.

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.