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

Banzai International, Inc. (NASDAQ:BNZI) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 125,300 shares, an increase of 47.1% from the October 31st total of 85,200 shares. Based on an average daily volume of 3,250,000 shares, the short-interest ratio is presently 0.0 days. Currently, 4.6% of the company’s stock are short sold.

Banzai International Stock Performance

Shares of BNZI traded up $0.05 during midday trading on Friday, reaching $1.52. The stock had a trading volume of 114,248 shares, compared to its average volume of 950,271. The firm has a 50 day simple moving average of $3.06 and a 200-day simple moving average of $6.01. Banzai International has a one year low of $1.30 and a one year high of $828.50.

Insider Activity at Banzai International

In other news, major shareholder Alco Investment Co acquired 282,420 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was bought at an average price of $3.89 per share, with a total value of $1,098,613.80. Following the transaction, the insider now directly owns 330,340 shares in the company, valued at approximately $1,285,022.60. The trade was a 589.36 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Cp Bf Lending, Llc sold 635,549 shares of Banzai International stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $4.14, for a total transaction of $2,631,172.86. Following the completion of the transaction, the insider now directly owns 4 shares of the company’s stock, valued at approximately $16.56. This trade represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. 57.74% of the stock is owned by insiders.

Institutional Trading of Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Virtu Financial LLC bought a new position in shares of Banzai International, Inc. (NASDAQ:BNZI) in the first quarter, according to the company in its most recent 13F filing 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 as of its most recent filing with the Securities and Exchange Commission. 96.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets decreased their price objective on shares of Banzai International from $162.50 to $125.00 and set a “buy” rating for the company in a research 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.