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

BuzzFeed, Inc. (NASDAQ:BZFD) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 4,780,000 shares, an increase of 6.9% from the March 15th total of 4,470,000 shares. Approximately 8.0% of the company’s shares are sold short. Based on an average trading volume of 4,760,000 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of BuzzFeed

Hedge funds have recently modified their holdings of the business. Citigroup Inc. bought a new stake in shares of BuzzFeed during the 1st quarter valued at $31,000. Royal Bank of Canada boosted its holdings in shares of BuzzFeed by 82,871.4% during the 1st quarter. Royal Bank of Canada now owns 11,616 shares of the company’s stock valued at $61,000 after buying an additional 11,602 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new stake in shares of BuzzFeed during the 1st quarter valued at $79,000. Nomura Holdings Inc. bought a new stake in shares of BuzzFeed during the 1st quarter valued at $25,000. Finally, Shay Capital LLC bought a new stake in shares of BuzzFeed during the 1st quarter valued at $132,000. Institutional investors own 37.64% of the company’s stock.

BuzzFeed Stock Performance

NASDAQ:BZFD opened at $0.41 on Tuesday. The stock has a market cap of $59.09 million, a P/E ratio of -0.64 and a beta of 3.09. The firm’s fifty day simple moving average is $0.34 and its 200 day simple moving average is $0.31. BuzzFeed has a twelve month low of $0.16 and a twelve month high of $1.05. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.30.

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.