Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Declines By 79.2%

Banzai International, Inc. (NASDAQ:BNZI) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 224,900 shares, a decline of 79.2% from the January 31st total of 1,080,000 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average trading volume of 2,680,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Two Sigma Securities LLC acquired a new position in shares of Banzai International, Inc. (NASDAQ:BNZI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,730 shares of the company’s stock, valued at approximately $42,000. Two Sigma Securities LLC owned about 0.47% of Banzai International at the end of the most recent reporting period. Hedge funds and other institutional investors own 96.82% of the company’s stock.

Banzai International Stock Up 13.4 %

Banzai International stock opened at $1.44 on Friday. Banzai International has a 52-week low of $1.20 and a 52-week high of $47.50. The firm’s fifty day moving average is $1.58 and its 200 day moving average is $2.74.

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 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.