BuzzFeed, Inc. (NASDAQ:BZFD) Short Interest Down 19.5% in November

BuzzFeed, Inc. (NASDAQ:BZFD) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 559,800 shares, a drop of 19.5% from the October 31st total of 695,600 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average daily trading volume, of 652,500 shares, the days-to-cover ratio is presently 0.9 days.

BuzzFeed Trading Down 0.4 %

Shares of NASDAQ:BZFD traded down $0.02 during trading on Friday, hitting $4.45. 969,117 shares of the company were exchanged, compared to its average volume of 1,377,823. The stock has a market cap of $169.10 million, a price-to-earnings ratio of -3.07 and a beta of 3.35. BuzzFeed has a fifty-two week low of $0.64 and a fifty-two week high of $4.84. The firm has a fifty day moving average price of $2.90 and a two-hundred day moving average price of $2.71.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new position in shares of BuzzFeed during the 2nd quarter worth approximately $37,000. Dimensional Fund Advisors LP acquired a new position in shares of BuzzFeed during the 2nd quarter worth approximately $53,000. Geode Capital Management LLC increased its holdings in shares of BuzzFeed by 18.7% during the 3rd 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 last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of BuzzFeed during the 2nd quarter worth approximately $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.