BuzzFeed, Inc. (NASDAQ:BZFD) Short Interest Up 20.4% in January

BuzzFeed, Inc. (NASDAQ:BZFD) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 860,200 shares, an increase of 20.4% from the December 31st total of 714,600 shares. Approximately 5.2% of the shares of the stock are short sold. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of BuzzFeed

A number of hedge funds and other institutional investors have recently modified their holdings of BZFD. Cubist Systematic Strategies LLC purchased a new stake in shares of BuzzFeed in the 2nd quarter valued at $37,000. Dimensional Fund Advisors LP acquired a new position in shares of BuzzFeed in the 2nd quarter valued at $53,000. Finally, Geode Capital Management LLC increased its position in shares of BuzzFeed by 18.7% during the third quarter. Geode Capital Management LLC now owns 187,598 shares of the company’s stock worth $500,000 after purchasing an additional 29,543 shares in the last quarter. 37.64% of the stock is owned by institutional investors and hedge funds.

BuzzFeed Trading Down 1.2 %

BZFD stock traded down $0.03 during mid-day trading on Monday, reaching $2.41. The company’s stock had a trading volume of 361,246 shares, compared to its average volume of 512,707. The stock has a market cap of $91.58 million, a PE ratio of -1.66 and a beta of 3.72. The company’s 50 day moving average is $3.24 and its two-hundred day moving average is $2.89. BuzzFeed has a fifty-two week low of $0.65 and a fifty-two week high of $5.68.

BuzzFeed (NASDAQ:BZFD) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter. BuzzFeed had a negative net margin of 22.51% and a negative return on equity of 33.17%. The firm had revenue of $64.32 million during the quarter.

BuzzFeed Company Profile

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.