Braiin Ltd (NASDAQ:BRAI) Short Interest Update

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

Analyst Ratings Changes

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

Braiin Stock Performance

Braiin stock remained flat at $6.03 during trading hours on Friday. 51,846 shares of the company’s stock were exchanged, compared to its average volume of 240,173. Braiin has a 52 week low of $4.19 and a 52 week high of $33.00. The firm’s 50-day moving average is $7.80.

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.