Banzai International, Inc. (NASDAQ:BNZI) Short Interest Update

Banzai International, Inc. (NASDAQ:BNZI) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 141,739 shares, a drop of 90.2% from the April 30th total of 1,448,585 shares. Based on an average daily volume of 308,386 shares, the days-to-cover ratio is presently 0.5 days. Approximately 12.4% of the shares of the company are sold short.

Institutional Trading of Banzai International

An institutional investor recently raised its position in Banzai International stock. Geode Capital Management LLC grew its stake in shares of Banzai International, Inc. (NASDAQ:BNZI) by 137.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 29,820 shares of the company’s stock after buying an additional 17,260 shares during the period. Geode Capital Management LLC owned approximately 0.44% of Banzai International worth $29,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 96.82% of the company’s stock.

Banzai International Stock Up 5.7%

BNZI opened at $3.60 on Thursday. The stock’s 50 day moving average price is $11.28 and its two-hundred day moving average price is $20.14. The firm has a market capitalization of $5.25 million, a P/E ratio of -0.03 and a beta of -0.95. Banzai International has a 12-month low of $3.24 and a 12-month high of $208.00.

Banzai International (NASDAQ:BNZI) last issued its quarterly earnings results on Friday, May 15th. The company reported ($11.69) EPS for the quarter, missing analysts’ consensus estimates of ($5.00) by ($6.69). The business had revenue of $2.70 million for the quarter, compared to analyst estimates of $2.90 million. Banzai International had a negative return on equity of 391.73% and a negative net margin of 237.54%. As a group, analysts anticipate that Banzai International will post -17.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BNZI has been the subject of several recent analyst reports. Weiss Ratings raised shares of Banzai International from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Banzai International from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Ascendiant Capital Markets boosted their target price on shares of Banzai International from $460.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $480.00.

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.