BuzzFeed, Inc. (NASDAQ:BZFD) Sees Large Growth in Short Interest

BuzzFeed, Inc. (NASDAQ:BZFD) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 4,780,000 shares, a growth of 6.9% from the March 15th total of 4,470,000 shares. Based on an average daily trading volume, of 4,760,000 shares, the short-interest ratio is currently 1.0 days. Currently, 8.0% of the shares of the stock are short sold.

BuzzFeed Stock Performance

Shares of NASDAQ:BZFD opened at $0.37 on Thursday. BuzzFeed has a 52 week low of $0.16 and a 52 week high of $1.04. The stock has a market capitalization of $53.90 million, a P/E ratio of -0.59 and a beta of 3.09. The firm has a fifty day simple moving average of $0.35 and a two-hundred day simple moving average of $0.31. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.30.

BuzzFeed (NASDAQ:BZFD) last issued its quarterly earnings data on Monday, March 25th. The company reported $0.03 EPS for the quarter. BuzzFeed had a negative net margin of 30.13% and a negative return on equity of 56.18%. The business had revenue of $75.66 million during the quarter.

Hedge Funds Weigh In On BuzzFeed

Large investors have recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new stake in BuzzFeed in the 1st quarter valued at about $25,000. Citigroup Inc. bought a new stake in shares of BuzzFeed in the 1st quarter valued at about $31,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of BuzzFeed in the 1st quarter valued at about $40,000. Jane Street Group LLC bought a new stake in shares of BuzzFeed in the 4th quarter valued at about $52,000. Finally, Morgan Stanley raised its holdings in shares of BuzzFeed by 25.8% in the 4th quarter. Morgan Stanley now owns 86,877 shares of the company’s stock valued at $60,000 after purchasing an additional 17,822 shares in the last quarter. 37.64% of the stock is owned by hedge funds and other institutional investors.

About BuzzFeed

BuzzFeed, Inc, a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content.