Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Decreases By 35.7%

Banzai International, Inc. (NASDAQ:BNZI) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 379,100 shares, a decline of 35.7% from the June 30th total of 589,300 shares. Based on an average daily volume of 3,820,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.7% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets boosted their price target on Banzai International from $3.00 to $3.25 and gave the company a “buy” rating in a report on Friday, June 7th.

Banzai International Stock Performance

NASDAQ:BNZI remained flat at $0.17 during trading hours on Friday. The company’s stock had a trading volume of 2,098,341 shares, compared to its average volume of 1,050,597. Banzai International has a one year low of $0.14 and a one year high of $16.57. The stock has a fifty day moving average price of $0.18 and a 200 day moving average price of $0.63.

Banzai International (NASDAQ:BNZI) last announced its earnings results on Wednesday, May 15th. The company reported ($0.26) earnings per share for the quarter. The firm had revenue of $1.08 million during the quarter.

Institutional Trading of Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Sandia Investment Management LP bought a new position in shares of Banzai International, Inc. (NASDAQ:BNZI) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 41,251 shares of the company’s stock, valued at approximately $25,000. Sandia Investment Management LP owned approximately 0.21% of Banzai International at the end of the most recent quarter. Institutional investors and hedge funds own 96.82% of the company’s stock.

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 SaaS solution for social sharing by event registrants; and Reach, a Saas and managed service to increase registration and attendance of marketing events.