Brand Engagement Network, Inc. (NASDAQ:BNAI) Sees Large Decline in Short Interest

Brand Engagement Network, Inc. (NASDAQ:BNAI) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 119,500 shares, a decline of 35.3% from the February 28th total of 184,800 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 4,740,000 shares, the short-interest ratio is presently 0.0 days.

Brand Engagement Network Price Performance

Brand Engagement Network stock opened at $0.37 on Friday. Brand Engagement Network has a one year low of $0.30 and a one year high of $8.43. The company’s fifty day moving average price is $0.45 and its two-hundred day moving average price is $0.73.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Brand Engagement Network stock. Corps Capital Advisors LLC bought a new position in shares of Brand Engagement Network, Inc. (NASDAQ:BNAI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 172,579 shares of the company’s stock, valued at approximately $168,000. Corps Capital Advisors LLC owned 0.45% of Brand Engagement Network as of its most recent SEC filing. 15.80% of the stock is currently owned by institutional investors and hedge funds.

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.