Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Grows By 75.6%

Banzai International, Inc. (NASDAQ:BNZI) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 164,200 shares, a growth of 75.6% from the April 15th total of 93,500 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average daily volume of 381,500 shares, the days-to-cover ratio is currently 0.4 days.

Banzai International Stock Performance

Shares of BNZI traded up $0.02 during trading hours on Friday, hitting $0.34. 394,962 shares of the stock were exchanged, compared to its average volume of 240,931. The stock has a 50-day moving average price of $0.51. Banzai International has a 12-month low of $0.29 and a 12-month high of $16.57.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets began coverage on shares of Banzai International in a research note on Monday, April 8th. They issued a “buy” rating and a $3.00 price target on the stock.

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