Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Decreases By 35.7%

Banzai International, Inc. (NASDAQ:BNZI) saw a significant decline in short interest in July. As of July 15th, there was short interest totalling 379,100 shares, a decline of 35.7% from the June 30th total of 589,300 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average trading volume of 3,820,000 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

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

Banzai International Stock Performance

Banzai International stock remained flat at $0.17 during mid-day trading on Friday. 2,098,341 shares of the company’s stock were exchanged, compared to its average volume of 1,050,597. The stock’s 50-day moving average price is $0.18 and its 200 day moving average price is $0.63. Banzai International has a fifty-two week low of $0.14 and a fifty-two week high of $16.57.

Banzai International (NASDAQ:BNZI) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $1.08 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Banzai International stock. Sandia Investment Management LP bought a new stake in shares of Banzai International, Inc. (NASDAQ:BNZI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,251 shares of the company’s stock, valued at approximately $25,000. Sandia Investment Management LP owned 0.21% of Banzai International as of its most recent filing with the Securities and Exchange Commission. 96.82% of the stock is owned by hedge funds and other institutional investors.

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 SaaS solution for social sharing by event registrants; and Reach, a Saas and managed service to increase registration and attendance of marketing events.