Banzai International, Inc. (NASDAQ:BNZI) Short Interest Down 45.7% in December

Banzai International, Inc. (NASDAQ:BNZI) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 181,300 shares, a drop of 45.7% from the December 15th total of 333,600 shares. Based on an average daily volume of 2,300,000 shares, the short-interest ratio is presently 0.1 days. Currently, 5.2% of the company’s shares are short sold.

Banzai International Stock Performance

Shares of BNZI traded down $0.07 during trading hours on Tuesday, hitting $1.38. The stock had a trading volume of 84,331 shares, compared to its average volume of 512,877. The firm has a 50 day simple moving average of $1.63 and a 200-day simple moving average of $4.04. Banzai International has a 1-year low of $1.30 and a 1-year high of $107.00.

Insider Buying and Selling

In related news, major shareholder Cp Bf Lending, Llc sold 635,549 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $4.14, for a total transaction of $2,631,172.86. Following the completion of the transaction, the insider now directly owns 4 shares of the company’s stock, valued at $16.56. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 57.74% of the stock is owned by corporate insiders.

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.