Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Increases By 45.8%

Banzai International, Inc. (NASDAQ:BNZI) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,120,535 shares, a growth of 45.8% from the January 15th total of 768,403 shares. Currently, 17.1% of the shares of the company are sold short. Based on an average daily volume of 1,212,466 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 1,212,466 shares, the days-to-cover ratio is currently 0.9 days. Currently, 17.1% of the shares of the company are sold short.

Banzai International Price Performance

NASDAQ:BNZI opened at $1.30 on Friday. Banzai International has a 1-year low of $0.92 and a 1-year high of $17.10. The company has a market capitalization of $8.76 million, a price-to-earnings ratio of -0.20 and a beta of -0.56. The business has a 50 day moving average of $1.24 and a 200 day moving average of $2.09.

Banzai International (NASDAQ:BNZI) last released its earnings results on Friday, November 14th. The company reported ($1.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.33) by ($0.21). Banzai International had a negative net margin of 233.45% and a negative return on equity of 1,082.13%. The company had revenue of $2.84 million during the quarter, compared to the consensus estimate of $3.54 million.

Institutional Trading of Banzai International

An institutional investor recently raised its position in Banzai International stock. Geode Capital Management LLC boosted its stake in Banzai International, Inc. (NASDAQ:BNZI) by 137.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,820 shares of the company’s stock after acquiring an additional 17,260 shares during the period. Geode Capital Management LLC owned 0.44% of Banzai International worth $29,000 at the end of the most recent reporting period. 96.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Singular Research upgraded Banzai International to a “moderate buy” rating in a research report on Friday, November 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Banzai International has an average rating of “Hold” and a consensus target price of $260.00.

Banzai International Company Profile

Banzai International, Inc, a marketing technology company, provides data-driven marketing and sales solutions for various businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its products include Demio, a browser-based webinar platform with data and marketing features designed to help businesses engage with their audience through live events and on-demand, interactive video content; Boost, a software-as-a-service (SaaS) solution for social sharing by event registrants; and Reach, a SaaS and managed service to increase registration and attendance of marketing events.