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

Banzai International, Inc. (NASDAQ:BNZI) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 180,600 shares, a growth of 44.1% from the November 15th total of 125,300 shares. Based on an average trading volume of 4,100,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 5.9% of the shares of the company are sold short.

Insiders Place Their Bets

In related news, major shareholder Alco Investment Co bought 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 transaction, the insider now directly owns 330,340 shares of the company’s stock, valued at $1,285,022.60. This represents a 589.36 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Cp Bf Lending, Llc sold 635,549 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $4.14, for a total value of $2,631,172.86. Following the transaction, the insider now 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 disclosure for this sale can be found here. Corporate insiders own 57.74% of the company’s stock.

Banzai International Price Performance

Banzai International stock opened at $1.58 on Friday. The company’s 50 day simple moving average is $2.36 and its 200 day simple moving average is $5.28. Banzai International has a fifty-two week low of $1.30 and a fifty-two week high of $828.50.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets cut their price target on Banzai International from $162.50 to $125.00 and set a “buy” rating for the company in a report on Thursday, August 29th.

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.