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

Banzai International, Inc. (NASDAQ:BNZI) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 512,762 shares, an increase of 20.1% from the December 15th total of 426,810 shares. Approximately 7.8% of the shares of the company are sold short. Based on an average daily trading volume, of 414,547 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 414,547 shares, the short-interest ratio is presently 1.2 days. Approximately 7.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Banzai International stock. Focus Partners Wealth acquired a new position in Banzai International, Inc. (NASDAQ:BNZI) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 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 SEC filing. Institutional investors own 96.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Singular Research upgraded shares of Banzai International to a “moderate buy” rating in a research report on Friday, November 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of Banzai International in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Banzai International currently has a consensus rating of “Hold” and a consensus price target of $260.00.

Banzai International Price Performance

Shares of BNZI stock traded down $0.17 during mid-day trading on Tuesday, hitting $1.26. The stock had a trading volume of 329,434 shares, compared to its average volume of 1,378,344. The firm has a market cap of $8.46 million, a PE ratio of -0.19 and a beta of -0.56. The company’s 50-day simple moving average is $1.28 and its 200-day simple moving average is $2.46. Banzai International has a fifty-two week low of $0.92 and a fifty-two week high of $27.00.

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

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.