Banzai International (NASDAQ:PARA – Get Free Report) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 257,285 shares, a decline of 55.5% from the September 30th total of 578,353 shares. Based on an average daily volume of 333,792 shares, the short-interest ratio is presently 0.8 days. Approximately 7.5% of the shares of the stock are short sold.
Banzai International Stock Down 25.9%
PARA stock traded down $1.11 during mid-day trading on Friday, hitting $3.17. The company had a trading volume of 105,571 shares, compared to its average volume of 122,391. The stock has a market cap of $1.14 million, a P/E ratio of -0.07 and a beta of -0.99. Banzai International has a 12-month low of $2.90 and a 12-month high of $466.00.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Banzai International from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Read Our Latest Stock Analysis on Banzai International
Banzai International Company Profile
Banzai International, Inc is a marketing technology company that provides software designed to help businesses create, promote and manage virtual and in-person marketing events. Its platform is intended to support activities such as event registration, audience engagement, lead generation and post-event follow-up.
The company’s product offerings have included tools for hosting webinars and virtual events, collecting attendee information, distributing marketing content and measuring campaign performance.
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