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

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

Banzai International Price Performance

Shares of BNZI stock opened at $1.01 on Friday. Banzai International has a one year low of $0.94 and a one year high of $27.00. The stock has a fifty day moving average price of $1.53 and a 200 day moving average price of $3.05. The stock has a market cap of $6.81 million, a P/E ratio of -0.15 and a beta of -0.59.

Banzai International (NASDAQ:BNZI) last announced its quarterly earnings data on Friday, November 14th. The company reported ($1.54) earnings per share (EPS) 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 business had revenue of $2.84 million during the quarter, compared to analyst estimates of $3.54 million.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Banzai International stock. Focus Partners Wealth bought a new stake in Banzai International, Inc. (NASDAQ:BNZI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 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 and hedge funds.

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.