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

Banzai International, Inc. (NASDAQ:BNZI) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 1,568,415 shares, an increase of 45.3% from the February 12th total of 1,079,724 shares. Based on an average daily volume of 769,348 shares, the days-to-cover 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 volume of 769,348 shares, the days-to-cover ratio is presently 2.0 days.

Analyst Ratings Changes

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

Banzai International Stock Down 1.9%

NASDAQ:BNZI opened at $1.06 on Friday. The stock 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 52 week low of $0.92 and a 52 week high of $15.10. The firm has a 50 day moving average of $1.26 and a 200 day moving average of $1.78.

Institutional Trading of Banzai International

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