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

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

Banzai International Trading Up 3.4 %

BNZI traded up $0.05 during mid-day trading on Friday, hitting $1.52. The stock had a trading volume of 114,248 shares, compared to its average volume of 950,271. The stock’s fifty day simple moving average is $3.06 and its 200-day simple moving average is $6.01. Banzai International has a 1-year low of $1.30 and a 1-year high of $828.50.

Insider Activity

In other news, major shareholder Cp Bf Lending, Llc sold 635,549 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 4 shares of the company’s stock, valued at $16.56. This represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alco Investment Co acquired 282,420 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was acquired at an average price of $3.89 per share, for a total transaction of $1,098,613.80. Following the completion of the acquisition, the insider now directly owns 330,340 shares of the company’s stock, valued at $1,285,022.60. This trade represents a 589.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 57.74% of the stock is owned by insiders.

Institutional Investors Weigh In On Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Virtu Financial LLC bought a new position in Banzai International, Inc. (NASDAQ:BNZI) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 84,958 shares of the company’s stock, valued at approximately $52,000. Virtu Financial LLC owned 0.42% of Banzai International as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 96.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets cut their price objective on shares of Banzai International from $162.50 to $125.00 and set a “buy” rating on the stock 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.