Short Interest in BuzzFeed, Inc. (NASDAQ:BZFD) Expands By 6.9%

BuzzFeed, Inc. (NASDAQ:BZFD) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 4,780,000 shares, a growth of 6.9% from the March 15th total of 4,470,000 shares. Based on an average trading volume of 4,760,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 8.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of BuzzFeed by 64.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,663,840 shares of the company’s stock valued at $5,716,000 after acquiring an additional 1,437,733 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in BuzzFeed during the 1st quarter valued at $752,000. Monaco Asset Management SAM purchased a new stake in BuzzFeed during the 4th quarter valued at $125,000. BlackRock Inc. raised its holdings in BuzzFeed by 27.0% during the 1st quarter. BlackRock Inc. now owns 395,030 shares of the company’s stock valued at $446,000 after buying an additional 83,970 shares during the period. Finally, Geode Capital Management LLC raised its holdings in BuzzFeed by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 367,461 shares of the company’s stock valued at $253,000 after buying an additional 11,099 shares during the period. 37.64% of the stock is currently owned by institutional investors.

BuzzFeed Stock Up 1.3 %

NASDAQ BZFD opened at $0.41 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $59.09 million, a P/E ratio of -0.64 and a beta of 3.09. BuzzFeed has a one year low of $0.16 and a one year high of $1.05. The stock has a 50 day moving average price of $0.34 and a 200-day moving average price of $0.31.

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.