Brand Engagement Network, Inc. (NASDAQ:BNAI) Short Interest Up 11.1% in November

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

Hedge Funds Weigh In On Brand Engagement Network

A hedge fund recently bought a new stake in Brand Engagement Network stock. Atlas Merchant Capital LLC acquired a new stake in Brand Engagement Network, Inc. (NASDAQ:BNAI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 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 at the end of the most recent reporting period. 15.80% of the stock is owned by institutional investors and hedge funds.

Brand Engagement Network Price Performance

BNAI stock traded down $0.03 during trading hours on Monday, reaching $0.76. 77,606 shares of the stock were exchanged, compared to its average volume of 1,113,317. The firm’s 50-day moving average is $0.88 and its 200-day moving average is $1.83. Brand Engagement Network has a 12 month low of $0.66 and a 12 month high of $19.75.

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.