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

Banzai International, Inc. (NASDAQ:BNZI) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 1,568,415 shares, a growth of 45.3% from the February 12th total of 1,079,724 shares. Based on an average daily trading volume, of 769,348 shares, the short-interest ratio is presently 2.0 days. Currently, 23.9% of the company’s stock are sold short. Currently, 23.9% of the company’s stock are sold short. Based on an average daily trading volume, of 769,348 shares, the short-interest ratio is presently 2.0 days.

Hedge Funds Weigh In On Banzai International

An institutional investor recently raised its position in Banzai International stock. Geode Capital Management LLC lifted its position in Banzai International, Inc. (NASDAQ:BNZI) by 137.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,820 shares of the company’s stock after acquiring an additional 17,260 shares during the period. Geode Capital Management LLC owned 0.44% of Banzai International worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 96.82% of the company’s stock.

Banzai International Trading Down 1.9%

Shares of Banzai International stock opened at $1.06 on Friday. The firm’s 50 day simple moving average is $1.26 and its two-hundred day simple moving average is $1.78. The firm has a market capitalization of $7.14 million, a price-to-earnings ratio of -0.16 and a beta of -0.57. Banzai International has a 12-month low of $0.92 and a 12-month high of $15.10.

Analyst Upgrades and Downgrades

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, Banzai International has an average rating of “Hold” and an average price target of $260.00.

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.