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

Banzai International, Inc. (NASDAQ:BNZI) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 768,403 shares, a growth of 49.9% from the December 31st total of 512,762 shares. Approximately 11.7% of the company’s stock are short sold. Based on an average trading volume of 1,538,924 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 1,538,924 shares, the short-interest ratio is presently 0.5 days. Approximately 11.7% of the company’s stock are short sold.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BNZI shares. Singular Research raised shares of Banzai International to a “moderate buy” rating in a research note on Friday, November 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Banzai International in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average 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 position in Banzai International, Inc. (NASDAQ:BNZI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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. Hedge funds and other institutional investors own 96.82% of the company’s stock.

Banzai International Price Performance

Banzai International stock opened at $1.22 on Friday. Banzai International has a fifty-two week low of $0.92 and a fifty-two week high of $21.70. The firm has a fifty day moving average price of $1.25 and a two-hundred day moving average price of $2.26. The firm has a market cap of $8.22 million, a price-to-earnings ratio of -0.19 and a beta of -0.56.

Banzai International (NASDAQ:BNZI) last posted its quarterly earnings data on Friday, November 14th. The company reported ($1.54) EPS 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 business had revenue of $2.84 million during the quarter, compared to the consensus estimate 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.