Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Decreases By 25.8%

Banzai International, Inc. (NASDAQ:BNZI) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 281,400 shares, a decrease of 25.8% from the July 15th total of 379,100 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average trading volume of 4,240,000 shares, the days-to-cover ratio is presently 0.1 days.

Banzai International Price Performance

NASDAQ:BNZI remained flat at $0.11 during trading hours on Friday. 483,557 shares of the company were exchanged, compared to its average volume of 2,426,014. The firm has a 50 day simple moving average of $0.15 and a 200 day simple moving average of $0.46. Banzai International has a 52 week low of $0.09 and a 52 week high of $16.57.

Banzai International (NASDAQ:BNZI) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.26) EPS for the quarter. The firm had revenue of $1.08 million during the quarter.

Hedge Funds Weigh In On Banzai International

An institutional investor recently bought a new position in Banzai International stock. Virtu Financial LLC acquired a new position in Banzai International, Inc. (NASDAQ:BNZI) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 SEC filing. Institutional investors own 96.82% of the company’s stock.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets boosted their price target on shares of Banzai International from $3.00 to $3.25 and gave the company a “buy” rating in a report on Friday, June 7th.

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.