Banzai International, Inc. (NASDAQ:BNZI) Sees Significant Increase in Short Interest

Banzai International, Inc. (NASDAQ:BNZI) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 93,500 shares, an increase of 15.4% from the March 31st total of 81,000 shares. Based on an average daily volume of 357,800 shares, the days-to-cover ratio is currently 0.3 days. Approximately 2.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets initiated coverage on Banzai International in a research report on Monday, April 8th. They set a “buy” rating and a $3.00 price objective on the stock.

Banzai International Price Performance

NASDAQ:BNZI traded up $0.03 during trading hours on Monday, reaching $0.39. The company had a trading volume of 315,509 shares, compared to its average volume of 1,248,761. The business has a 50-day simple moving average of $0.61. Banzai International has a one year low of $0.31 and a one year high of $16.57.

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.