Brand Engagement Network Inc. (NASDAQ:BNAI – Get Free Report) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 669,978 shares, a growth of 96.3% from the January 29th total of 341,348 shares. Approximately 20.1% of the shares of the company are sold short. Based on an average daily volume of 2,652,830 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 2,652,830 shares, the short-interest ratio is presently 0.3 days. Approximately 20.1% of the shares of the company are sold short.
Brand Engagement Network Stock Performance
Shares of Brand Engagement Network stock opened at $35.68 on Friday. The stock has a market capitalization of $160.20 million, a P/E ratio of -5.49 and a beta of 1.01. Brand Engagement Network has a 52-week low of $1.18 and a 52-week high of $86.28. The stock’s 50-day simple moving average is $16.43 and its 200 day simple moving average is $8.06.
Brand Engagement Network (NASDAQ:BNAI – Get Free Report) last issued its earnings results on Tuesday, November 25th. The company reported ($0.59) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.40) by $0.81. The business had revenue of $0.06 million for the quarter.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
BNAI has been the subject of several research reports. Wall Street Zen upgraded shares of Brand Engagement Network from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Brand Engagement Network in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.
View Our Latest Research Report on Brand Engagement Network
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. It serves the automotive, healthcare, and other industries through direct sales force and channel partners. Brand Engagement Network, Inc was formerly known as Blockchain Exchange Network Inc and changed its name to Brand Engagement Network, Inc in April 2023.
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