Brand Engagement Network, Inc. (NASDAQ:BNAI) Short Interest Down 14.3% in August

Brand Engagement Network, Inc. (NASDAQ:BNAI) saw a large decrease in short interest in August. As of August 15th, there was short interest totalling 79,700 shares, a decrease of 14.3% from the July 31st total of 93,000 shares. Based on an average daily volume of 3,250,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Brand Engagement Network

Several institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. bought a new position in Brand Engagement Network during the 1st quarter worth $319,000. Atlas Merchant Capital LLC bought a new position in Brand Engagement Network during the 2nd quarter worth $604,000. Finally, Periscope Capital Inc. bought a new position in Brand Engagement Network during the 1st quarter worth $1,012,000. 15.80% of the stock is owned by institutional investors and hedge funds.

Brand Engagement Network Trading Down 1.7 %

Shares of BNAI stock traded down $0.02 on Monday, hitting $1.17. 230,700 shares of the stock traded hands, compared to its average volume of 1,504,210. Brand Engagement Network has a 1-year low of $0.99 and a 1-year high of $19.75. The stock’s fifty day moving average is $2.46.

Analysts Set New Price Targets

Separately, Maxim Group started coverage on Brand Engagement Network in a research report on Thursday, July 25th. They set a “buy” rating and a $6.00 price target on the 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.