Banzai International, Inc. (NASDAQ:BNZI) Sees Significant Decline in Short Interest

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

Wall Street Analysts Forecast Growth

BNZI has been the topic of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Banzai International in a research note on Wednesday, October 8th. Singular Research raised shares of Banzai International to a “moderate buy” rating in a report on Friday, November 21st. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $260.00.

Banzai International Trading Down 3.8%

Shares of Banzai International stock opened at $1.01 on Monday. The company has a market cap of $6.81 million, a PE ratio of -0.15 and a beta of -0.58. The company has a 50 day moving average of $1.53 and a 200-day moving average of $3.01. Banzai International has a 1-year low of $0.94 and a 1-year high of $27.00.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Banzai International stock. Focus Partners Wealth purchased a new stake in Banzai International, Inc. (NASDAQ:BNZI) during the third quarter, according to its most recent 13F filing 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 approximately 0.29% of Banzai International at the end of the most recent quarter. 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.