Braiin Ltd (NASDAQ:BRAI) Sees Significant Growth in Short Interest

Braiin Ltd (NASDAQ:BRAI) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 114,060 shares, a growth of 168.6% from the May 14th total of 42,469 shares. Based on an average daily trading volume, of 1,156,130 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Braiin Price Performance

Shares of BRAI stock traded down $0.04 during trading hours on Friday, hitting $7.64. The company’s stock had a trading volume of 27,246 shares, compared to its average volume of 239,116. The stock has a 50 day simple moving average of $7.86. Braiin has a 12-month low of $4.19 and a 12-month high of $33.00.

Analyst Ratings Changes

BRAI has been the subject of several research reports. Wall Street Zen upgraded shares of Braiin from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Weiss Ratings initiated coverage on shares of Braiin in a research note on Wednesday, May 6th. They set a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

About Braiin

Braiin Limited is an Australian technology company leveraging proprietary intellectual property and patented artificial intelligence/machine learning (“AI/ML”) technologies to deliver actionable insights across high-growth verticals: Agriculture, Property Technology, and Customer Experience as a Service (“CXaaS”). Our platforms are designed to address inefficiencies and drive data-backed decision-making across traditionally analog sectors. Our first commercial focus is on the agriculture technology sector, where we have successfully deployed our AI-powered solutions across multiple implementations.