Brand Engagement Network, Inc. (NASDAQ:BNAI) Sees Large Growth in Short Interest

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

Brand Engagement Network Trading Down 3.2 %

Shares of NASDAQ BNAI traded down $0.02 during midday trading on Wednesday, hitting $0.64. The company’s stock had a trading volume of 434,817 shares, compared to its average volume of 1,249,867. The business’s fifty day simple moving average is $0.83 and its two-hundred day simple moving average is $1.37. Brand Engagement Network has a 1 year low of $0.61 and a 1 year 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. Atlas Merchant Capital LLC purchased a new stake in Brand Engagement Network, Inc. (NASDAQ:BNAI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 175,000 shares of the company’s stock, valued at approximately $604,000. Atlas Merchant Capital LLC owned 0.53% of Brand Engagement Network as of its most recent SEC filing. Institutional investors 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.