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

Banzai International, Inc. (NASDAQ:BNZI) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 768,403 shares, a growth of 49.9% from the December 31st total of 512,762 shares. Based on an average trading volume of 1,538,924 shares, the short-interest ratio is presently 0.5 days. Approximately 11.7% of the shares of the stock are sold short. Approximately 11.7% of the shares of the stock are sold short. Based on an average trading volume of 1,538,924 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BNZI shares. Singular Research upgraded Banzai International to a “moderate buy” rating in a report on Friday, November 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Banzai International in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $260.00.

Institutional Investors Weigh In On Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Focus Partners Wealth purchased a new stake in Banzai International, Inc. (NASDAQ:BNZI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,150 shares of the company’s stock, valued at approximately $30,000. Focus Partners Wealth owned approximately 0.29% of Banzai International as of its most recent filing with the SEC. 96.82% of the stock is currently owned by institutional investors.

Banzai International Trading Down 1.6%

Shares of Banzai International stock opened at $1.22 on Friday. Banzai International has a 1 year low of $0.92 and a 1 year high of $21.70. The company has a market cap of $8.22 million, a P/E ratio of -0.19 and a beta of -0.56. The stock has a 50-day moving average price of $1.25 and a 200 day moving average price of $2.26.

Banzai International (NASDAQ:BNZI) last issued 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). The business had revenue of $2.84 million during the quarter, compared to analyst estimates of $3.54 million. Banzai International had a negative net margin of 233.45% and a negative return on equity of 1,082.13%.

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.