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 in November. As of November 30th, there was short interest totalling 180,600 shares, an increase of 44.1% from the November 15th total of 125,300 shares. Based on an average trading volume of 4,100,000 shares, the short-interest ratio is presently 0.0 days. Currently, 5.9% of the company’s stock are short sold.

Insider Transactions at Banzai International

In other news, major shareholder Alco Investment Co purchased 282,420 shares of the stock in a transaction dated Friday, September 20th. The shares were acquired at an average cost of $3.89 per share, for a total transaction of $1,098,613.80. Following the acquisition, the insider now owns 330,340 shares of the company’s stock, valued at approximately $1,285,022.60. This represents a 589.36 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Cp Bf Lending, Llc sold 635,549 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $16.56. The trade was a 100.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 57.74% of the company’s stock.

Banzai International Price Performance

Shares of NASDAQ BNZI opened at $1.47 on Friday. Banzai International has a fifty-two week low of $1.30 and a fifty-two week high of $828.50. The business has a 50-day simple moving average of $2.32 and a two-hundred day simple moving average of $5.20.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets decreased their price objective on Banzai International from $162.50 to $125.00 and set a “buy” rating for the company in a report 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.