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

Banzai International, Inc. (NASDAQ:BNZI) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 1,120,535 shares, a growth of 45.8% from the January 15th total of 768,403 shares. Based on an average daily volume of 1,212,466 shares, the short-interest ratio is presently 0.9 days. Currently, 17.1% of the company’s stock are sold short. Currently, 17.1% of the company’s stock are sold short. Based on an average daily volume of 1,212,466 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Banzai International stock. Focus Partners Wealth purchased a new position in shares of Banzai International, Inc. (NASDAQ:BNZI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission. 96.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Singular Research upgraded shares of Banzai International to a “moderate buy” rating in a research note on Friday, November 21st. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Banzai International currently has an average rating of “Hold” and an average target price of $260.00.

Banzai International Stock Performance

Shares of BNZI stock opened at $1.30 on Tuesday. Banzai International has a fifty-two week low of $0.92 and a fifty-two week high of $17.10. The firm has a market capitalization of $8.76 million, a PE ratio of -0.20 and a beta of -0.56. The stock’s 50-day simple moving average is $1.24 and its 200-day simple moving average is $2.07.

Banzai International (NASDAQ:BNZI) last issued its quarterly earnings results on Friday, November 14th. The company reported ($1.54) earnings per share for the quarter, missing the consensus estimate of ($1.33) by ($0.21). The business had revenue of $2.84 million during the quarter, compared to analyst estimates of $3.54 million. Banzai International had a negative return on equity of 1,082.13% and a negative net margin of 233.45%.

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.