Banzai International, Inc. (NASDAQ:BNZI) Sees Large Growth in Short Interest

Banzai International, Inc. (NASDAQ:BNZI) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 1,568,415 shares, a growth of 45.3% from the February 12th total of 1,079,724 shares. Based on an average daily volume of 769,348 shares, the days-to-cover ratio is presently 2.0 days. Approximately 23.9% of the company’s stock are sold short. Approximately 23.9% of the company’s stock are sold short. Based on an average daily volume of 769,348 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Banzai International

A hedge fund recently raised its stake in Banzai International stock. Geode Capital Management LLC raised its position in Banzai International, Inc. (NASDAQ:BNZI) by 137.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,820 shares of the company’s stock after acquiring an additional 17,260 shares during the quarter. Geode Capital Management LLC owned approximately 0.44% of Banzai International worth $29,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 96.82% of the company’s stock.

Banzai International Trading Down 1.9%

NASDAQ BNZI opened at $1.06 on Monday. The company has a market cap of $7.14 million, a PE ratio of -0.16 and a beta of -0.57. Banzai International has a 12 month low of $0.92 and a 12 month high of $15.10. The stock has a 50 day moving average of $1.26 and a 200-day moving average of $1.76.

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.