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

Brand Engagement Network Inc. (NASDAQ:BNAI) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 128,685 shares, a decline of 92.5% from the November 30th total of 1,715,039 shares. Currently, 3.9% of the shares of the stock are sold short. Based on an average trading volume of 186,885 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 186,885 shares, the short-interest ratio is currently 0.7 days. Currently, 3.9% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

BNAI has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Brand Engagement Network in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Brand Engagement Network to a “sell” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Brand Engagement Network Stock Performance

Shares of Brand Engagement Network stock opened at $1.35 on Friday. Brand Engagement Network has a one year low of $1.32 and a one year high of $11.80. The company has a market cap of $6.06 million, a price-to-earnings ratio of -0.21 and a beta of 0.67. The business’s 50 day moving average price is $3.50 and its 200 day moving average price is $3.53.

Brand Engagement Network (NASDAQ:BNAI) last issued its earnings results on Tuesday, November 25th. The company reported ($0.59) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.40) by $0.81. The company had revenue of $0.06 million during the quarter.

Hedge Funds Weigh In On Brand Engagement Network

Several institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd increased its holdings in shares of Brand Engagement Network by 197.9% during the 2nd quarter. XTX Topco Ltd now owns 73,684 shares of the company’s stock worth $32,000 after buying an additional 48,951 shares during the last quarter. Corps Capital Advisors LLC grew its position in Brand Engagement Network by 132.9% in the second quarter. Corps Capital Advisors LLC now owns 223,064 shares of the company’s stock worth $98,000 after acquiring an additional 127,286 shares during the period. Finally, Lido Advisors LLC increased its stake in Brand Engagement Network by 404.3% during the second quarter. Lido Advisors LLC now owns 932,924 shares of the company’s stock worth $410,000 after acquiring an additional 747,924 shares during the last quarter. 15.80% of the stock is currently owned by institutional investors and hedge funds.

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. It serves the automotive, healthcare, and other industries through direct sales force and channel partners. Brand Engagement Network, Inc was formerly known as Blockchain Exchange Network Inc and changed its name to Brand Engagement Network, Inc in April 2023.