Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Grows By 69.9%

Banzai International, Inc. (NASDAQ:BNZIGet Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 257,800 shares, an increase of 69.9% from the June 30th total of 151,755 shares. Based on an average daily trading volume, of 411,587 shares, the short-interest ratio is presently 0.6 days. Currently, 18.2% of the company’s shares are sold short.

Institutional Trading of Banzai International

An institutional investor recently bought a new position in Banzai International stock. Focus Partners Wealth bought a new stake in Banzai International, Inc. (NASDAQ:BNZIFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,150 shares of the company’s stock, valued at approximately $30,000. Focus Partners Wealth owned approximately 0.29% of Banzai International at the end of the most recent quarter. 96.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Banzai International in a research note on Friday, July 24th. Ascendiant Capital Markets lowered their target price on shares of Banzai International from $480.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, June 10th. Finally, Wall Street Zen lowered shares of Banzai International from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Banzai International has an average rating of “Hold” and a consensus target price of $42.00.

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Banzai International Stock Up 1.6%

Banzai International stock opened at $1.85 on Friday. The company has a 50 day moving average of $2.91 and a 200-day moving average of $12.74. Banzai International has a twelve month low of $1.71 and a twelve month high of $86.00. The stock has a market capitalization of $2.70 million, a PE ratio of -0.02 and a beta of -1.01.

Banzai International (NASDAQ:BNZIGet Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported ($11.69) EPS for the quarter, missing analysts’ consensus estimates of ($5.00) by ($6.69). The company had revenue of $2.70 million for the quarter, compared to analyst estimates of $2.90 million. Banzai International had a negative return on equity of 391.73% and a negative net margin of 237.54%. Equities analysts anticipate that Banzai International will post -12.32 EPS for the current fiscal year.

About Banzai International

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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.

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