Short Interest in Banzai International, Inc. (NASDAQ:BNZI) Drops By 45.7%

Banzai International, Inc. (NASDAQ:BNZI) was the recipient 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. Approximately 5.2% of the shares of the company are short sold. Based on an average daily volume of 2,300,000 shares, the days-to-cover ratio is currently 0.1 days.

Banzai International Price Performance

Shares of BNZI traded down $0.02 during trading hours on Wednesday, reaching $1.35. 276,172 shares of the company traded hands, compared to its average volume of 511,780. The business has a fifty day moving average price of $1.62 and a 200-day moving average price of $3.99. Banzai International has a 12-month low of $1.29 and a 12-month high of $107.00.

Insider Activity at Banzai International

In other Banzai International news, major shareholder Cp Bf Lending, Llc sold 635,549 shares of the business’s 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 owns 4 shares of the company’s stock, valued at approximately $16.56. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 57.74% of the stock is currently owned by 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.