Banzai International, Inc. (NASDAQ:BNZI) Short Interest Up 12.8% in August

Banzai International, Inc. (NASDAQ:BNZI) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,410,000 shares, an increase of 12.8% from the August 15th total of 1,250,000 shares. Based on an average daily trading volume, of 2,030,000 shares, the short-interest ratio is currently 0.7 days. Currently, 5.7% of the shares of the company are short sold.

Institutional Investors Weigh In On Banzai International

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

Banzai International Price Performance

Banzai International stock traded down $0.01 during trading on Monday, reaching $0.07. The company had a trading volume of 448,135 shares, compared to its average volume of 2,433,584. The firm’s 50-day simple moving average is $0.12 and its 200 day simple moving average is $0.29. Banzai International has a 52 week low of $0.07 and a 52 week high of $16.57.

Banzai International (NASDAQ:BNZI) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $1.07 million during the quarter.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets cut their price target on Banzai International from $3.25 to $2.50 and set a “buy” rating for the company in a research note on Thursday, August 29th.

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.