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

Brand Engagement Network Inc. (NASDAQ:BNAI) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 1,230,242 shares, a growth of 856.0% from the December 15th total of 128,685 shares. Based on an average daily trading volume, of 14,571,178 shares, the days-to-cover ratio is currently 0.1 days. Approximately 36.8% of the company’s stock are short sold. Approximately 36.8% of the company’s stock are short sold. Based on an average daily trading volume, of 14,571,178 shares, the days-to-cover ratio is currently 0.1 days.

Brand Engagement Network Stock Down 7.8%

Shares of BNAI stock traded down $0.28 during trading on Monday, reaching $3.30. 473,413 shares of the company’s stock were exchanged, compared to its average volume of 14,161,038. The firm’s fifty day moving average price is $3.12 and its 200-day moving average price is $3.49. Brand Engagement Network has a twelve month low of $1.18 and a twelve month high of $10.50. The stock has a market capitalization of $14.82 million, a PE ratio of -0.51 and a beta of 0.71.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Brand Engagement Network

Several hedge funds have recently bought and sold shares of the stock. Lido Advisors LLC grew its position in shares of Brand Engagement Network by 404.3% in the second quarter. Lido Advisors LLC now owns 932,924 shares of the company’s stock valued at $410,000 after purchasing an additional 747,924 shares during the last quarter. Corps Capital Advisors LLC boosted 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 purchasing an additional 127,286 shares during the period. Finally, XTX Topco Ltd boosted its stake in Brand Engagement Network by 197.9% in the 2nd 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 period. 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.