Brand Engagement Network, Inc. (NASDAQ:BNAI) Short Interest Update

Brand Engagement Network, Inc. (NASDAQ:BNAI) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 118,500 shares, a growth of 11.1% from the November 15th total of 106,700 shares. Based on an average daily volume of 343,700 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.5% of the company’s shares are short sold.

Brand Engagement Network Price Performance

NASDAQ:BNAI opened at $0.78 on Tuesday. Brand Engagement Network has a 1-year low of $0.66 and a 1-year high of $19.75. The business’s 50-day moving average price is $0.87 and its two-hundred day moving average price is $1.82.

Institutional Trading of Brand Engagement Network

A hedge fund recently bought a new stake in Brand Engagement Network stock. Atlas Merchant Capital LLC bought a new stake in Brand Engagement Network, Inc. (NASDAQ:BNAI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 and Exchange Commission (SEC). 15.80% of the stock is currently 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.