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

Banzai International, Inc. (NASDAQ:BNZI) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 416,700 shares, a decline of 62.8% from the May 31st total of 1,120,000 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average daily volume of 3,590,000 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets boosted their target price on Banzai International from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Friday, June 7th.

Banzai International Stock Performance

BNZI opened at $0.18 on Friday. The stock has a 50 day moving average price of $0.25. Banzai International has a 1-year low of $0.16 and a 1-year high of $16.57.

Banzai International (NASDAQ:BNZI) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.26) earnings per share for the quarter. The company had revenue of $1.08 million during the quarter.

Institutional Investors Weigh In On Banzai International

An institutional investor recently bought a new position in Banzai International stock. Virtu Financial LLC bought a new stake in shares of Banzai International, Inc. (NASDAQ:BNZI) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 84,958 shares of the company’s stock, valued at approximately $52,000. Virtu Financial LLC owned about 0.42% 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 SaaS solution for social sharing by event registrants; and Reach, a Saas and managed service to increase registration and attendance of marketing events.