Braiin Ltd (NASDAQ:BRAI – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 71,886 shares, a drop of 37.0% from the May 31st total of 114,060 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 91,163 shares, the days-to-cover ratio is currently 0.8 days.
Braiin Price Performance
Shares of Braiin stock traded up $0.06 on Thursday, hitting $5.79. 2,562 shares of the company’s stock traded hands, compared to its average volume of 239,659. Braiin has a one year low of $4.19 and a one year high of $33.00. The firm’s fifty day moving average price is $7.82.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on BRAI. Weiss Ratings began coverage on shares of Braiin in a research note on Wednesday, May 6th. They set a “sell (e+)” rating for the company. Maxim Group started coverage on Braiin in a research report on Monday, June 15th. They issued a “buy” rating and a $10.00 price target on the stock. Wall Street Zen raised Braiin from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Finally, Zacks Research raised shares of Braiin to a “hold” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Braiin currently has a consensus rating of “Hold” and a consensus target price of $10.00.
About Braiin
Braiin Limited is an Australian technology company leveraging proprietary intellectual property and patented artificial intelligence/machine learning (“AI/ML”) technologies to deliver actionable insights across high-growth verticals: Agriculture, Property Technology, and Customer Experience as a Service (“CXaaS”). Our platforms are designed to address inefficiencies and drive data-backed decision-making across traditionally analog sectors. Our first commercial focus is on the agriculture technology sector, where we have successfully deployed our AI-powered solutions across multiple implementations.
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