Braiin Ltd (NASDAQ:BRAI) Sees Large Decline in Short Interest

Braiin Ltd (NASDAQ:BRAI) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 71,886 shares, a drop of 37.0% from the May 31st total of 114,060 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 91,163 shares, the short-interest ratio is presently 0.8 days.

Analyst Ratings Changes

A number of equities research analysts have commented on BRAI shares. Weiss Ratings initiated coverage on Braiin in a research note on Wednesday, May 6th. They issued a “sell (e+)” rating for the company. Maxim Group initiated coverage on shares of Braiin in a research note on Monday, June 15th. They set a “buy” rating and a $10.00 price target for the company. Zacks Research upgraded shares of Braiin to a “hold” rating in a report on Tuesday, June 16th. Finally, Wall Street Zen upgraded shares of Braiin from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Braiin currently has an average rating of “Hold” and a consensus price target of $10.00.

Braiin Price Performance

Shares of BRAI stock traded up $0.06 on Thursday, hitting $5.79. The stock had a trading volume of 2,562 shares, compared to its average volume of 239,659. The company’s 50 day moving average is $7.82. Braiin has a 12-month low of $4.19 and a 12-month high of $33.00.

Braiin Company Profile

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.