Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Expands By 47.1%

Banzai International, Inc. (NASDAQ:BNZI) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 125,300 shares, an increase of 47.1% from the October 31st total of 85,200 shares. Based on an average trading volume of 3,250,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.6% of the company’s shares are short sold.

Insider Activity at Banzai International

In other news, major shareholder Cp Bf Lending, Llc sold 635,549 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 4 shares in the company, valued at $16.56. This trade represents a 100.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Alco Investment Co purchased 282,420 shares of Banzai International stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average cost of $3.89 per share, for a total transaction of $1,098,613.80. Following the completion of the purchase, the insider now owns 330,340 shares of the company’s stock, valued at $1,285,022.60. This trade represents a 589.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 57.74% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Virtu Financial LLC bought a new stake in shares of Banzai International, Inc. (NASDAQ:BNZI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 84,958 shares of the company’s stock, valued at approximately $52,000. Virtu Financial LLC owned about 0.42% of Banzai International at the end of the most recent quarter. 96.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets lowered their target price on shares of 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 Trading Up 3.4 %

Banzai International stock traded up $0.05 during mid-day trading on Friday, hitting $1.52. The company had a trading volume of 114,320 shares, compared to its average volume of 1,112,941. Banzai International has a 12 month low of $1.30 and a 12 month high of $828.50. The stock’s 50 day moving average price is $3.06 and its two-hundred day moving average price is $5.95.

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.