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

Braiin Ltd (NASDAQ:BRAI) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 114,060 shares, an increase of 168.6% from the May 14th total of 42,469 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,156,130 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Several research analysts have recently commented on BRAI shares. Weiss Ratings started coverage on Braiin in a research report on Wednesday, May 6th. They issued a “sell (e+)” rating for the company. Wall Street Zen raised Braiin from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Braiin currently has an average rating of “Sell”.

Braiin Trading Down 0.5%

Shares of BRAI traded down $0.04 during midday trading on Friday, hitting $7.64. 27,246 shares of the company’s stock traded hands, compared to its average volume of 239,116. Braiin has a 1 year low of $4.19 and a 1 year high of $33.00. The company’s fifty day moving average is $7.86.

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.