Banzai International, Inc. (NASDAQ:BNZI) Short Interest Up 45.3% in February

Banzai International, Inc. (NASDAQ:BNZI) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,568,415 shares, an increase of 45.3% from the February 12th total of 1,079,724 shares. Currently, 23.9% of the shares of the company are short sold. Based on an average daily volume of 769,348 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 769,348 shares, the days-to-cover ratio is currently 2.0 days. Currently, 23.9% of the shares of the company are short sold.

Banzai International Price Performance

Shares of NASDAQ:BNZI opened at $1.06 on Friday. Banzai International has a 1-year low of $0.92 and a 1-year high of $15.10. The stock has a market cap of $7.15 million, a P/E ratio of -0.16 and a beta of -0.57. The firm has a fifty day moving average price of $1.26 and a 200 day moving average price of $1.77.

Analyst Upgrades and Downgrades

Separately, Singular Research upgraded Banzai International to a “moderate buy” rating in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $260.00.

Institutional Investors Weigh In On Banzai International

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

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.