Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Increases By 45.8%

Banzai International, Inc. (NASDAQ:BNZI) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,120,535 shares, an increase of 45.8% from the January 15th total of 768,403 shares. Approximately 17.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,212,466 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 1,212,466 shares, the days-to-cover ratio is currently 0.9 days. Approximately 17.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Focus Partners Wealth bought 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 firm bought 10,150 shares of the company’s stock, valued at approximately $30,000. Focus Partners Wealth owned 0.29% of Banzai International as of its most recent SEC filing. Institutional investors and hedge funds own 96.82% of the company’s stock.

Banzai International Trading Up 0.8%

Shares of BNZI stock opened at $1.30 on Monday. Banzai International has a 12-month low of $0.92 and a 12-month high of $17.10. The business’s 50 day moving average is $1.24 and its two-hundred day moving average is $2.08. The company has a market capitalization of $8.76 million, a P/E ratio of -0.20 and a beta of -0.56.

Banzai International (NASDAQ:BNZI) last announced its earnings results on Friday, November 14th. The company reported ($1.54) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2.84 million for the quarter, compared to analyst estimates of $3.54 million.

Analyst Ratings Changes

Separately, Singular Research raised Banzai International to a “moderate buy” rating in a report on Friday, November 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $260.00.

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.