Banzai International, Inc. (NASDAQ:BNZI) Short Interest Update

Banzai International, Inc. (NASDAQ:BNZI) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 127,100 shares, an increase of 893.0% from the September 15th total of 12,800 shares. Currently, 17.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,650,000 shares, the days-to-cover ratio is currently 0.0 days.

Insider Buying and Selling

In other news, major shareholder Alco Investment Co purchased 282,420 shares of the company’s stock in a transaction on Friday, September 20th. The shares were bought at an average price of $3.89 per share, for a total transaction of $1,098,613.80. Following the completion of the purchase, the insider now owns 330,340 shares of the company’s stock, valued at $1,285,022.60. This trade represents a 500.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 bought a new stake in Banzai International, Inc. (NASDAQ:BNZI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 84,958 shares of the company’s stock, valued at approximately $52,000. Virtu Financial LLC owned about 0.42% of Banzai International at the end of the most recent quarter. Hedge funds and other institutional investors own 96.82% of the company’s stock.

Banzai International Stock Performance

NASDAQ BNZI traded down $0.12 on Thursday, reaching $4.90. The company’s stock had a trading volume of 826,365 shares, compared to its average volume of 916,515. Banzai International has a 52 week low of $2.42 and a 52 week high of $828.50. The business has a 50-day moving average price of $1.51 and a 200 day moving average price of $0.71.

Banzai International (NASDAQ:BNZI) last posted its earnings results on Wednesday, August 14th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $1.07 million for the quarter. As a group, research analysts forecast that Banzai International will post -25.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Banzai International

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.