Brand Engagement Network Inc. (NASDAQ:BNAI) Short Interest Down 28.4% in September

Brand Engagement Network Inc. (NASDAQ:BNAI) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 37,600 shares, a decrease of 28.4% from the August 31st total of 52,500 shares. Based on an average daily trading volume, of 498,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 498,200 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brand Engagement Network in a research note on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Brand Engagement Network Stock Performance

Shares of NASDAQ BNAI opened at $0.58 on Thursday. Brand Engagement Network has a fifty-two week low of $0.23 and a fifty-two week high of $1.18. The company has a 50 day simple moving average of $0.33 and a two-hundred day simple moving average of $0.34. The company has a market capitalization of $25.14 million, a price-to-earnings ratio of -0.68 and a beta of 0.61.

Hedge Funds Weigh In On Brand Engagement Network

A number of institutional investors and hedge funds have recently made changes to their positions in BNAI. XTX Topco Ltd increased its stake in shares of Brand Engagement Network by 197.9% during the second quarter. XTX Topco Ltd now owns 73,684 shares of the company’s stock valued at $32,000 after purchasing an additional 48,951 shares in the last quarter. Lee Kelleher Wealth Management bought a new position in shares of Brand Engagement Network during the first quarter valued at approximately $52,000. Corps Capital Advisors LLC increased its stake in shares of Brand Engagement Network by 132.9% during the second quarter. Corps Capital Advisors LLC now owns 223,064 shares of the company’s stock valued at $98,000 after purchasing an additional 127,286 shares in the last quarter. Sentinel Trust Co. LBA purchased a new stake in shares of Brand Engagement Network during the first quarter valued at approximately $119,000. Finally, Lido Advisors LLC grew its holdings in shares of Brand Engagement Network by 404.3% during the second quarter. Lido Advisors LLC now owns 932,924 shares of the company’s stock valued at $410,000 after buying an additional 747,924 shares during the last quarter. 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.