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

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

Analyst Ratings Changes

A number of research firms have issued reports on BNZI. Singular Research raised shares of Banzai International to a “moderate buy” rating in a 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 investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $260.00.

Institutional Investors Weigh In On Banzai International

An institutional investor recently bought a new position in Banzai International stock. Focus Partners Wealth acquired a new stake in Banzai International, Inc. (NASDAQ:BNZI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,150 shares of the company’s stock, valued at approximately $30,000. Focus Partners Wealth owned about 0.29% of Banzai International at the end of the most recent quarter. Institutional investors own 96.82% of the company’s stock.

Banzai International Price Performance

Shares of NASDAQ:BNZI opened at $1.42 on Monday. Banzai International has a 1 year low of $0.92 and a 1 year high of $27.00. The company has a market capitalization of $9.57 million, a PE ratio of -0.22 and a beta of -0.56. The business has a fifty day moving average price of $1.28 and a two-hundred day moving average price of $2.49.

Banzai International (NASDAQ:BNZI) last issued its quarterly earnings results on Friday, November 14th. The company reported ($1.54) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.84 million during 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.