Brand Engagement Network, Inc. (NASDAQ:BNAI) Short Interest Down 35.3% in March

Brand Engagement Network, Inc. (NASDAQ:BNAI) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 119,500 shares, a drop of 35.3% from the February 28th total of 184,800 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 4,740,000 shares, the days-to-cover ratio is currently 0.0 days.

Brand Engagement Network Stock Down 6.2 %

Shares of BNAI traded down $0.02 during trading hours on Monday, hitting $0.35. The stock had a trading volume of 44,533 shares, compared to its average volume of 2,196,218. The company’s fifty day moving average is $0.45 and its two-hundred day moving average is $0.73. Brand Engagement Network has a 52 week low of $0.30 and a 52 week high of $8.43.

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) during the fourth quarter, according to its most recent filing 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 approximately 0.45% of Brand Engagement Network at the end of the most recent quarter. Institutional investors and hedge funds own 15.80% of the company’s stock.

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.