Banzai International, Inc. (NASDAQ:BNZI) Short Interest Update

Banzai International, Inc. (NASDAQ:BNZI) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 180,600 shares, an increase of 44.1% from the November 15th total of 125,300 shares. Currently, 5.9% of the company’s stock are short sold. Based on an average daily trading volume, of 4,100,000 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets cut their price objective on shares of Banzai International from $162.50 to $125.00 and set a “buy” rating for the company in a research report on Thursday, August 29th.

Insider Activity

In related news, major shareholder Alco Investment Co bought 282,420 shares of the stock in a transaction on Friday, September 20th. The shares were acquired at an average price of $3.89 per share, for a total transaction of $1,098,613.80. Following the purchase, the insider now owns 330,340 shares of the company’s stock, valued at approximately $1,285,022.60. The trade was a 589.36 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Cp Bf Lending, Llc sold 635,549 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $4.14, for a total transaction of $2,631,172.86. Following the transaction, the insider now owns 4 shares in the company, valued at approximately $16.56. This trade represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 57.74% of the company’s stock.

Banzai International Price Performance

NASDAQ:BNZI traded down $0.11 during trading hours on Friday, hitting $1.47. 383,791 shares of the stock traded hands, compared to its average volume of 1,151,483. Banzai International has a 1 year low of $1.30 and a 1 year high of $828.50. The stock has a 50 day moving average price of $2.32 and a 200 day moving average price of $5.22.

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.