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

Banzai International, Inc. (NASDAQ:BNZI) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,065,904 shares, a drop of 27.8% from the March 15th total of 1,476,920 shares. Approximately 16.3% of the company’s shares are sold short. Based on an average daily trading volume, of 706,779 shares, the days-to-cover ratio is currently 1.5 days.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets raised their price target on Banzai International from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.00.

Institutional Trading of Banzai International

A hedge fund recently raised its stake in Banzai International stock. Geode Capital Management LLC raised its holdings in shares of Banzai International, Inc. (NASDAQ:BNZI) by 137.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,820 shares of the company’s stock after purchasing an additional 17,260 shares during the quarter. Geode Capital Management LLC owned 0.44% of Banzai International worth $29,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 96.82% of the company’s stock.

Banzai International Price Performance

Shares of NASDAQ:BNZI traded down $0.06 on Thursday, hitting $0.68. 322,951 shares of the company’s stock were exchanged, compared to its average volume of 971,163. Banzai International has a 12 month low of $0.52 and a 12 month high of $11.60. The stock has a market capitalization of $11.96 million, a price-to-earnings ratio of -0.10 and a beta of -0.51. The business’s 50 day simple moving average is $1.03 and its two-hundred day simple moving average is $1.48.

Banzai International (NASDAQ:BNZI) last released its earnings results on Tuesday, March 31st. The company reported $1.79 earnings per share for the quarter, topping the consensus estimate of ($0.59) by $2.38. Banzai International had a negative return on equity of 429.90% and a negative net margin of 184.96%.The business had revenue of $2.81 million during the quarter, compared to the consensus estimate of $3.19 million.

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.