Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Increases By 39.5%

Banzai International, Inc. (NASDAQ:BNZI - Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 177,300 shares, an increase of 39.5% from the September 30th total of 127,100 shares. Based on an average daily trading volume, of 2,910,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 10.7% of the shares of the company are sold short.

Banzai International Stock Performance

Shares of BNZI stock remained flat at $2.88 on Friday. 146,242 shares of the company traded hands, compared to its average volume of 948,224. Banzai International has a fifty-two week low of $2.42 and a fifty-two week high of $828.50. The business has a fifty day simple moving average of $4.42 and a 200 day simple moving average of $8.70.

Banzai International (NASDAQ:BNZI - Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($7.50) earnings per share (EPS) for the quarter. The business had revenue of $1.07 million for the quarter. On average, analysts forecast that Banzai International will post -25.5 EPS for the current year.

Insider Buying and Selling at Banzai International

In other news, major shareholder Cp Bf Lending, Llc sold 635,549 shares of Banzai International stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $4.14, for a total transaction of $2,631,172.86. Following the completion of the transaction, the insider now directly owns 4 shares in the company, valued at approximately $16.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, major shareholder Cp Bf Lending, Llc sold 635,549 shares of the firm's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $4.14, for a total transaction of $2,631,172.86. Following the completion of the sale, the insider now owns 4 shares in the company, valued at approximately $16.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Alco Investment Co purchased 282,420 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The stock was bought at an average price of $3.89 per share, for a total transaction of $1,098,613.80. Following the purchase, the insider now owns 330,340 shares in the company, valued at $1,285,022.60. The trade was a 500.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 57.70% of the company's stock.

Hedge Funds Weigh In On Banzai International

An institutional investor recently bought a new position in Banzai International stock. Virtu Financial LLC purchased a new position in shares of Banzai International, Inc. (NASDAQ:BNZI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 84,958 shares of the company's stock, valued at approximately $52,000. Virtu Financial LLC owned 0.42% of Banzai International at the end of the most recent quarter. Institutional investors and hedge funds own 96.82% of the company's stock.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets reduced their price target on Banzai International from $162.50 to $125.00 and set a "buy" rating for the company in a research note on Thursday, August 29th.

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.