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

BuzzFeed, Inc. (NASDAQ:BZFD) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,060,000 shares, a growth of 26.7% from the January 31st total of 836,700 shares. Currently, 5.4% of the shares of the company are short sold. Based on an average daily trading volume, of 814,800 shares, the short-interest ratio is presently 1.3 days.

BuzzFeed Price Performance

BuzzFeed stock traded down $0.05 during trading hours on Thursday, hitting $2.01. The company had a trading volume of 153,533 shares, compared to its average volume of 970,557. BuzzFeed has a one year low of $1.26 and a one year high of $5.68. The firm has a market cap of $76.19 million, a PE ratio of -1.38 and a beta of 3.72. The firm has a 50-day moving average of $2.55 and a 200 day moving average of $2.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Focus Partners Wealth acquired a new stake in BuzzFeed during the fourth quarter worth approximately $37,000. Bank of America Corp DE lifted its position in shares of BuzzFeed by 1,615.5% during the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock valued at $38,000 after acquiring an additional 13,312 shares during the period. Oxford Asset Management LLP bought a new stake in BuzzFeed during the fourth quarter worth about $55,000. Graham Capital Management L.P. acquired a new stake in BuzzFeed in the fourth quarter valued at about $75,000. Finally, Virtu Financial LLC bought a new position in BuzzFeed during the 4th quarter worth approximately $83,000. 37.64% of the stock is owned by institutional investors and hedge funds.

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.