BuzzFeed, Inc. (NASDAQ:BZFD) Short Interest Down 12.9% in October

BuzzFeed, Inc. (NASDAQ:BZFD) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 695,600 shares, a decline of 12.9% from the October 15th total of 798,600 shares. Approximately 4.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 444,000 shares, the days-to-cover ratio is presently 1.6 days.

BuzzFeed Stock Performance

Shares of NASDAQ BZFD traded down $0.22 during trading hours on Friday, hitting $3.06. 839,225 shares of the stock were exchanged, compared to its average volume of 866,474. The company’s fifty day simple moving average is $2.66 and its two-hundred day simple moving average is $2.58. BuzzFeed has a 1-year low of $0.64 and a 1-year high of $4.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BZFD. Geode Capital Management LLC lifted its stake in shares of BuzzFeed by 18.7% in 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 during the period. Cubist Systematic Strategies LLC bought a new position in BuzzFeed in the 2nd quarter valued at about $37,000. Dimensional Fund Advisors LP purchased a new position in shares of BuzzFeed during the second quarter valued at approximately $53,000. Seven Post Investment Office LP purchased a new position in BuzzFeed during the second quarter worth about $1,881,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of BuzzFeed during the second quarter valued at approximately $475,000. Institutional investors own 37.64% of the company’s stock.

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.