Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Expands By 20.1%

Banzai International, Inc. (NASDAQ:BNZI) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 512,762 shares, a growth of 20.1% from the December 15th total of 426,810 shares. Based on an average trading volume of 414,547 shares, the days-to-cover ratio is presently 1.2 days. Approximately 7.8% of the shares of the company are sold short. Approximately 7.8% of the shares of the company are sold short. Based on an average trading volume of 414,547 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of Banzai International

An institutional investor recently bought a new position in Banzai International stock. Focus Partners Wealth acquired a new position in Banzai International, Inc. (NASDAQ:BNZI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,150 shares of the company’s stock, valued at approximately $30,000. Focus Partners Wealth owned about 0.29% of Banzai International at the end of the most recent quarter. 96.82% of the stock is currently owned by hedge funds and other institutional investors.

Banzai International Stock Performance

Shares of NASDAQ BNZI opened at $1.22 on Wednesday. Banzai International has a fifty-two week low of $0.92 and a fifty-two week high of $27.00. The firm’s 50-day simple moving average is $1.27 and its 200 day simple moving average is $2.42. The stock has a market cap of $8.22 million, a price-to-earnings ratio of -0.19 and a beta of -0.56.

Banzai International (NASDAQ:BNZI) last released its quarterly 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 firm had revenue of $2.84 million for the quarter, compared to the consensus estimate of $3.54 million.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BNZI shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Banzai International in a research report on Wednesday, October 8th. Singular Research upgraded Banzai International to a “moderate buy” rating in a research note on Friday, November 21st. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.