Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Declines By 23.1%

Banzai International, Inc. (NASDAQ:BNZI) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 148,400 shares, a decline of 23.1% from the February 28th total of 193,100 shares. Based on an average daily volume of 2,050,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.5% of the shares of the company are sold short.

Banzai International Price Performance

Shares of BNZI opened at $1.11 on Wednesday. The company’s 50-day moving average is $1.39 and its 200-day moving average is $2.10. Banzai International has a fifty-two week low of $0.73 and a fifty-two week high of $27.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Banzai International stock. Two Sigma Securities LLC bought a new position in shares of Banzai International, Inc. (NASDAQ:BNZI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,730 shares of the company’s stock, valued at approximately $42,000. Two Sigma Securities LLC owned approximately 0.47% of Banzai International as of its most recent SEC filing. 96.82% of the stock is owned by 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 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.