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

Banzai International, Inc. (NASDAQ:BNZI) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,410,000 shares, an increase of 12.8% from the August 15th total of 1,250,000 shares. Currently, 5.7% of the company’s shares are short sold. Based on an average daily trading volume, of 2,030,000 shares, the days-to-cover ratio is currently 0.7 days.

Banzai International Stock Performance

Banzai International stock traded down $0.01 during trading hours on Monday, hitting $0.07. 448,135 shares of the stock traded hands, compared to its average volume of 2,433,584. The firm’s 50-day moving average price is $0.12 and its two-hundred day moving average price is $0.29. Banzai International has a one year low of $0.07 and a one year high of $16.57.

Banzai International (NASDAQ:BNZI) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $1.07 million for the quarter.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets reduced their price target on Banzai International from $3.25 to $2.50 and set a “buy” rating on the stock in a report on Thursday, August 29th.

Institutional Investors Weigh In On Banzai International

An institutional investor recently bought a new position in Banzai International stock. Sandia Investment Management LP purchased a new position in Banzai International, Inc. (NASDAQ:BNZI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 41,251 shares of the company’s stock, valued at approximately $25,000. Sandia Investment Management LP owned 0.21% of Banzai International as of its most recent SEC filing. Hedge funds and other institutional investors own 96.82% of the company’s stock.

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.