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

Brand Engagement Network Inc. (NASDAQ:BNAI) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 341,348 shares, a drop of 41.5% from the January 15th total of 583,824 shares. Based on an average daily volume of 16,991,548 shares, the days-to-cover ratio is presently 0.0 days. Approximately 10.2% of the shares of the company are short sold. Approximately 10.2% of the shares of the company are short sold. Based on an average daily volume of 16,991,548 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Brand Engagement Network

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

Brand Engagement Network Stock Performance

Shares of NASDAQ BNAI opened at $21.42 on Friday. The company has a market capitalization of $96.18 million, a PE ratio of -3.30 and a beta of 1.01. The company’s fifty day moving average price is $11.80 and its 200 day moving average price is $6.53. Brand Engagement Network has a 1 year low of $1.18 and a 1 year high of $86.28.

Brand Engagement Network (NASDAQ:BNAI) last issued its quarterly earnings data on Tuesday, November 25th. The company reported ($0.59) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.40) by $0.81. The firm had revenue of $0.06 million during the quarter.

Wall Street Analyst Weigh In

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

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.