BuzzFeed, Inc. (NASDAQ:BZFD) Short Interest Up 91.2% in May

BuzzFeed, Inc. (NASDAQ:BZFD) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 3,795,814 shares, a growth of 91.2% from the April 30th total of 1,985,453 shares. Based on an average daily volume of 15,173,865 shares, the days-to-cover ratio is presently 0.3 days. Approximately 12.5% of the shares of the company are short sold.

BuzzFeed Stock Down 8.8%

BuzzFeed stock opened at $1.45 on Thursday. The stock has a market capitalization of $54.58 million, a PE ratio of -0.91 and a beta of 3.75. BuzzFeed has a 12 month low of $0.54 and a 12 month high of $2.68. The business has a 50 day simple moving average of $1.01 and a 200-day simple moving average of $0.93. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.78 and a quick ratio of 0.78.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.13). The business had revenue of $31.57 million during the quarter, compared to analysts’ expectations of $35.08 million. BuzzFeed had a negative net margin of 33.26% and a negative return on equity of 97.22%.

Institutional Trading of BuzzFeed

Large investors have recently made changes to their positions in the company. Blair William & Co. IL purchased a new stake in shares of BuzzFeed during the third quarter worth approximately $29,000. Raymond James Financial Inc. purchased a new stake in shares of BuzzFeed during the second quarter worth approximately $33,000. XTX Topco Ltd purchased a new stake in shares of BuzzFeed during the second quarter worth approximately $37,000. Bank of America Corp DE grew its holdings in BuzzFeed by 1,615.5% in the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock valued at $38,000 after buying an additional 13,312 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in BuzzFeed by 259.0% in the 3rd quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock valued at $73,000 after buying an additional 30,803 shares in the last quarter. 37.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BZFD has been the subject of a number of research reports. Wall Street Zen downgraded BuzzFeed to a “strong sell” rating in a report on Saturday, May 30th. Weiss Ratings raised BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $1.00.

BuzzFeed Company Profile

BuzzFeed, Inc operates as a digital media and technology company specializing in news, entertainment, and social content. The company produces articles, videos and quizzes that target diverse audiences across web, mobile and social platforms. In addition to editorial content, BuzzFeed offers a suite of advertising solutions, including native advertising, branded content and programmatic display, designed to blend seamlessly with its editorial offerings and engage consumers at scale.

Founded in 2006 by Jonah Peretti and John S.