Brand Engagement Network, Inc. (NASDAQ:BNAI – Get Free Report) was the recipient of a large drop in short interest in August. As of August 15th, there was short interest totalling 79,700 shares, a drop of 14.3% from the July 31st total of 93,000 shares. Based on an average daily volume of 3,250,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.5% of the company’s stock are sold short.
Analysts Set New Price Targets
Separately, Maxim Group assumed coverage on Brand Engagement Network in a research report on Thursday, July 25th. They issued a “buy” rating and a $6.00 target price for the company.
Get Our Latest Stock Analysis on BNAI
Institutional Inflows and Outflows
Brand Engagement Network Trading Down 1.7 %
Shares of BNAI traded down $0.02 during mid-day trading on Friday, hitting $1.17. The stock had a trading volume of 230,789 shares, compared to its average volume of 284,870. The company’s fifty day moving average price is $2.46. Brand Engagement Network has a fifty-two week low of $0.99 and a fifty-two week high of $19.75.
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.
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