Brand Engagement Network Inc. (NASDAQ:BNAI) Short Interest Up 96.3% in February

Brand Engagement Network Inc. (NASDAQ:BNAI) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 669,978 shares, an increase of 96.3% from the January 29th total of 341,348 shares. Approximately 20.1% of the shares of the stock are short sold. Based on an average trading volume of 2,652,830 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 2,652,830 shares, the short-interest ratio is presently 0.3 days. Approximately 20.1% of the shares of the stock are short sold.

Brand Engagement Network Trading Up 36.1%

NASDAQ:BNAI opened at $35.68 on Monday. Brand Engagement Network has a 12-month low of $1.18 and a 12-month high of $86.28. The firm has a market cap of $160.20 million, a price-to-earnings ratio of -5.49 and a beta of 0.96. The company’s 50-day moving average is $16.43 and its two-hundred day moving average is $8.13.

Analysts Set New Price Targets

Several analysts have weighed in on BNAI shares. Wall Street Zen raised Brand Engagement Network from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Brand Engagement Network in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Brand Engagement Network

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC purchased a new position in shares of Brand Engagement Network during the 4th quarter worth $33,000. XTX Topco Ltd increased its stake in Brand Engagement Network by 197.9% in 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 during the last quarter. Corps Capital Advisors LLC lifted its position in Brand Engagement Network by 132.9% during the second quarter. Corps Capital Advisors LLC now owns 223,064 shares of the company’s stock worth $98,000 after buying an additional 127,286 shares during the period. Finally, Lido Advisors LLC boosted its stake in Brand Engagement Network by 404.3% in the 2nd quarter. Lido Advisors LLC now owns 932,924 shares of the company’s stock worth $410,000 after buying an additional 747,924 shares during the last quarter. 15.80% of the stock is owned by hedge funds and other institutional investors.

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. 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.