Banzai International, Inc. (NASDAQ:BNZI) Short Interest Down 99.1% in September

Banzai International, Inc. (NASDAQ:BNZI) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 12,800 shares, a decrease of 99.1% from the August 31st total of 1,410,000 shares. Based on an average trading volume of 1,970,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.0% of the shares of the company are sold short.

Insider Activity

In other Banzai International news, major shareholder Alco Investment Co acquired 282,420 shares of Banzai International stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of $3.89 per share, with a total value of $1,098,613.80. Following the completion of the transaction, the insider now owns 330,340 shares of the company’s stock, valued at $1,285,022.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 57.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Banzai International stock. Virtu Financial LLC acquired a new stake in shares of Banzai International, Inc. (NASDAQ:BNZI) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 84,958 shares of the company’s stock, valued at approximately $52,000. Virtu Financial LLC owned 0.42% of Banzai International as of its most recent filing with the Securities & Exchange Commission. 96.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets reduced their target price on Banzai International from $3.25 to $2.50 and set a “buy” rating for the company in a research report on Thursday, August 29th.

Banzai International Stock Down 29.9 %

BNZI stock traded down $2.46 during midday trading on Wednesday, hitting $5.78. The stock had a trading volume of 2,516,863 shares, compared to its average volume of 742,231. Banzai International has a 52 week low of $2.42 and a 52 week high of $828.50. The stock has a 50-day simple moving average of $0.52 and a 200 day simple moving average of $0.40.

Banzai International (NASDAQ:BNZI) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $1.07 million during the quarter.

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.