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

BuzzFeed, Inc. (NASDAQ:BZFD) was the recipient of a large increase in short interest in the month of 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. Currently, 5.2% of the shares of the company are short sold. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On BuzzFeed

Hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new stake in shares of BuzzFeed in the second quarter worth $37,000. Dimensional Fund Advisors LP acquired a new position in BuzzFeed in the second quarter valued at about $53,000. Finally, Geode Capital Management LLC lifted its holdings in 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 acquiring an additional 29,543 shares in the last quarter. Institutional investors and hedge funds own 37.64% of the company’s stock.

BuzzFeed Stock Down 1.2 %

BZFD stock traded down $0.03 during trading on Monday, hitting $2.41. The company had a trading volume of 361,246 shares, compared to its average volume of 512,707. The firm has a market cap of $91.58 million, a PE ratio of -1.66 and a beta of 3.72. The firm has a 50-day moving average price of $3.24 and a 200-day moving average price of $2.89. BuzzFeed has a 1-year low of $0.65 and a 1-year high of $5.68.

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

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.