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

Banzai International, Inc. (NASDAQ:BNZI) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 193,100 shares, a decline of 14.1% from the February 13th total of 224,900 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,750,000 shares, the short-interest ratio is currently 0.1 days.

Banzai International Trading Down 10.1 %

NASDAQ BNZI opened at $1.07 on Friday. Banzai International has a 1-year low of $0.73 and a 1-year high of $37.50. The company has a 50 day moving average of $1.43 and a 200-day moving average of $2.30.

Institutional Investors Weigh In On Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Two Sigma Securities LLC acquired a new stake in shares of Banzai International, Inc. (NASDAQ:BNZI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,730 shares of the company’s stock, valued at approximately $42,000. Two Sigma Securities LLC owned approximately 0.47% of Banzai International at the end of the most recent reporting period. 96.82% of the stock is currently owned by hedge funds and other institutional investors.

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.