Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Drops By 36.6%

Banzai International, Inc. (NASDAQ:BNZI) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 426,810 shares, a decrease of 36.6% from the November 30th total of 673,574 shares. Approximately 6.5% of the company’s stock are sold short. Based on an average daily trading volume, of 386,875 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 386,875 shares, the days-to-cover ratio is presently 1.1 days. Approximately 6.5% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

BNZI has been the topic of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Banzai International in a 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $260.00.

Institutional Trading of Banzai International

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

Banzai International Price Performance

Shares of NASDAQ:BNZI opened at $1.01 on Friday. The stock has a market capitalization of $6.81 million, a P/E ratio of -0.15 and a beta of -0.59. The business has a 50-day moving average of $1.53 and a two-hundred day moving average of $3.05. Banzai International has a fifty-two week low of $0.94 and a fifty-two week high of $27.00.

Banzai International (NASDAQ:BNZI) last issued its quarterly earnings data 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.

About Banzai International

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.