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

Brand Engagement Network Inc. (NASDAQ:BNAI) saw a large drop in short interest in 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 short-interest ratio is presently 0.0 days. Currently, 10.2% of the company’s stock are sold short. Currently, 10.2% of the company’s stock are sold short. Based on an average daily volume of 16,991,548 shares, the short-interest ratio is presently 0.0 days.

Brand Engagement Network Trading Down 2.3%

Shares of NASDAQ:BNAI traded down $0.50 during midday trading on Friday, reaching $20.92. The company had a trading volume of 951,966 shares, compared to its average volume of 10,033,304. Brand Engagement Network has a 52-week low of $1.18 and a 52-week high of $86.28. The company’s 50 day moving average price is $12.16 and its 200 day moving average price is $6.68. The stock has a market cap of $93.93 million, a P/E ratio of -3.22 and a beta of 1.01.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Brand Engagement Network from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brand Engagement Network in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Brand Engagement Network

Large investors have recently added to or reduced their stakes in the company. Corps Capital Advisors LLC boosted 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 purchasing an additional 127,286 shares during the period. XTX Topco Ltd boosted its holdings in Brand Engagement Network by 197.9% in 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 period. Finally, Lido Advisors LLC grew 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 valued at $410,000 after buying an additional 747,924 shares in the last quarter. Hedge funds and other 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. 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.