Short Interest in Brand Engagement Network, Inc. (NASDAQ:BNAI) Grows By 961.7%

Brand Engagement Network, Inc. (NASDAQ:BNAI) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 1,410,000 shares, an increase of 961.7% from the January 31st total of 132,800 shares. Based on an average daily trading volume, of 4,910,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 5.4% of the shares of the stock are short sold.

Brand Engagement Network Stock Performance

Shares of NASDAQ:BNAI opened at $0.39 on Friday. Brand Engagement Network has a 52-week low of $0.33 and a 52-week high of $19.75. The stock’s fifty day simple moving average is $0.62 and its 200-day simple moving average is $0.90.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Brand Engagement Network stock. Corps Capital Advisors LLC purchased a new position in shares of Brand Engagement Network, Inc. (NASDAQ:BNAI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 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 reporting period. 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.