Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Drops By 90.2%

Banzai International, Inc. (NASDAQ:BNZI) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 141,739 shares, a decline of 90.2% from the April 30th total of 1,448,585 shares. Based on an average trading volume of 308,386 shares, the short-interest ratio is presently 0.5 days. Currently, 12.4% of the shares of the company are sold short.

Banzai International Stock Performance

NASDAQ:BNZI opened at $3.60 on Thursday. The company has a 50-day moving average of $11.28 and a 200-day moving average of $20.14. Banzai International has a 52 week low of $3.24 and a 52 week high of $208.00. The company has a market capitalization of $5.25 million, a price-to-earnings ratio of -0.03 and a beta of -0.95.

Banzai International (NASDAQ:BNZI) last posted its earnings results on Friday, May 15th. The company reported ($11.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($5.00) by ($6.69). Banzai International had a negative net margin of 237.54% and a negative return on equity of 391.73%. The business had revenue of $2.70 million during the quarter, compared to the consensus estimate of $2.90 million. Sell-side analysts forecast that Banzai International will post -17.4 EPS for the current year.

Institutional Investors Weigh In On Banzai International

An institutional investor recently bought a new position in Banzai International stock. Focus Partners Wealth bought a new position in shares of Banzai International, Inc. (NASDAQ:BNZI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,150 shares of the company’s stock, valued at approximately $30,000. Focus Partners Wealth owned 0.29% of Banzai International at the end of the most recent reporting period. Institutional investors own 96.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BNZI. Ascendiant Capital Markets raised their price objective on Banzai International from $460.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Wall Street Zen cut Banzai International from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings upgraded Banzai International from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $480.00.

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.