Banzai International, Inc. (NASDAQ:BNZI) Sees Large Growth in Short Interest

Banzai International, Inc. (NASDAQ:BNZI) was the target 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. Approximately 18.2% of the shares of the stock are sold short. Based on an average trading volume of 411,587 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analyst Weigh In

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

Institutional Trading of Banzai International

An institutional investor recently raised its position in Banzai International stock. Geode Capital Management LLC lifted its stake in shares of Banzai International, Inc. (NASDAQ:BNZI) by 137.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,820 shares of the company’s stock after purchasing an additional 17,260 shares during the quarter. Geode Capital Management LLC owned about 0.44% of Banzai International worth $29,000 at the end of the most recent reporting period. Institutional investors own 96.82% of the company’s stock.

Banzai International Price Performance

BNZI stock opened at $1.82 on Friday. Banzai International has a 1-year low of $1.71 and a 1-year high of $86.00. The firm has a fifty day moving average price of $2.94 and a two-hundred day moving average price of $12.82. The firm has a market cap of $2.66 million, a price-to-earnings ratio of -0.02 and a beta of -1.01.

Banzai International (NASDAQ:BNZI) last released its quarterly earnings data on Friday, May 15th. The company reported ($11.69) earnings per share for the quarter, missing the consensus estimate of ($5.00) by ($6.69). The business 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%. As a group, analysts expect that Banzai International will post -12.32 EPS for the current fiscal year.

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.