BuzzFeed, Inc. (NASDAQ:BZFD) Short Interest Update

BuzzFeed, Inc. (NASDAQ:BZFD) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 922,700 shares, a drop of 15.3% from the September 15th total of 1,090,000 shares. Based on an average daily volume of 609,000 shares, the short-interest ratio is currently 1.5 days. Approximately 5.5% of the company’s stock are short sold.

BuzzFeed Trading Down 2.3 %

BuzzFeed stock traded down $0.06 during trading hours on Wednesday, reaching $2.52. 127,138 shares of the company were exchanged, compared to its average volume of 1,166,775. The stock has a 50-day moving average of $2.64 and a 200 day moving average of $2.41. The firm has a market cap of $92.25 million, a price-to-earnings ratio of -1.02 and a beta of 3.35. BuzzFeed has a 12 month low of $0.64 and a 12 month high of $4.56.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter. BuzzFeed had a negative return on equity of 45.51% and a negative net margin of 28.24%. The company had revenue of $46.93 million for the quarter.

Hedge Funds Weigh In On BuzzFeed

Institutional investors and hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new position in BuzzFeed in the second quarter valued at approximately $37,000. Dimensional Fund Advisors LP bought a new stake in shares of BuzzFeed in the second quarter valued at about $53,000. Baader Bank Aktiengesellschaft acquired a new position in BuzzFeed during the second quarter worth $475,000. Finally, Seven Post Investment Office LP acquired a new position in shares of BuzzFeed during the 2nd quarter worth approximately $1,881,000. Institutional investors and hedge funds own 37.64% of the company’s stock.

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.