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

Banzai International, Inc. (NASDAQ:BNZI) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 1,410,000 shares, an increase of 12.8% from the August 15th total of 1,250,000 shares. Based on an average daily volume of 2,030,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 5.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets decreased their price target on Banzai International from $3.25 to $2.50 and set a “buy” rating for the company in a research note on Thursday, August 29th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Banzai International stock. Sandia Investment Management LP bought a new stake in shares of Banzai International, Inc. (NASDAQ:BNZI) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 41,251 shares of the company’s stock, valued at approximately $25,000. Sandia Investment Management LP owned approximately 0.21% of Banzai International as of its most recent SEC filing. Institutional investors own 96.82% of the company’s stock.

Banzai International Price Performance

Shares of BNZI stock opened at $0.07 on Wednesday. The stock has a 50-day simple moving average of $0.12 and a 200 day simple moving average of $0.28. Banzai International has a fifty-two week low of $0.07 and a fifty-two week high of $16.57.

Banzai International (NASDAQ:BNZI) last announced its earnings results on Wednesday, August 14th. The company reported ($0.15) earnings per share for the quarter. The company had revenue of $1.07 million during the quarter.

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.