Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Grows By 44.1%

Banzai International, Inc. (NASDAQ:BNZI) was the target of a large growth in short interest in 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. Approximately 5.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,100,000 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets dropped their price objective on shares of Banzai International from $162.50 to $125.00 and set a “buy” rating for the company in a research note on Thursday, August 29th.

Insider Buying and Selling at Banzai International

In other news, major shareholder Cp Bf Lending, Llc sold 635,549 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $4.14, for a total transaction of $2,631,172.86. Following the sale, the insider now directly owns 4 shares in the company, valued at approximately $16.56. This represents a 100.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alco Investment Co acquired 282,420 shares of Banzai International stock in a transaction on Friday, September 20th. The shares were bought 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 directly owns 330,340 shares of the company’s stock, valued at $1,285,022.60. The trade was 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 currently owned by company insiders.

Banzai International Stock Performance

Shares of NASDAQ:BNZI traded down $0.11 during trading on Friday, reaching $1.47. 383,791 shares of the company were exchanged, compared to its average volume of 1,151,483. The business’s fifty day simple moving average is $2.32 and its 200-day simple moving average is $5.22. Banzai International has a 12-month low of $1.30 and a 12-month high of $828.50.

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.