Banzai International (NASDAQ:PARA) Sees Large Drop in Short Interest

Banzai International (NASDAQ:PARA) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 257,285 shares, a drop of 55.5% from the September 30th total of 578,353 shares. Based on an average daily volume of 333,792 shares, the days-to-cover ratio is currently 0.8 days. Approximately 7.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Banzai International from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, October 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Banzai International Stock Down 28.9%

PARA stock traded down $1.24 during midday trading on Friday, reaching $3.04. The company’s stock had a trading volume of 95,991 shares, compared to its average volume of 36,759. The firm has a market cap of $1.10 million, a price-to-earnings ratio of -0.07 and a beta of -0.99. Banzai International has a 1 year low of $2.90 and a 1 year high of $466.00.

Banzai International Company Profile

Banzai International, Inc is a marketing technology company that provides software designed to help businesses create, promote and manage virtual and in-person marketing events. Its platform is intended to support activities such as event registration, audience engagement, lead generation and post-event follow-up.

The company’s product offerings have included tools for hosting webinars and virtual events, collecting attendee information, distributing marketing content and measuring campaign performance.