BuzzFeed, Inc. (NASDAQ:BZFD) Short Interest Up 26.7% in February

BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,060,000 shares, an increase of 26.7% from the January 31st total of 836,700 shares. Based on an average daily trading volume, of 814,800 shares, the days-to-cover ratio is currently 1.3 days. Currently, 5.4% of the company's stock are sold short.

BuzzFeed Trading Up 1.5 %

BuzzFeed stock traded up $0.03 during midday trading on Friday, hitting $2.04. The stock had a trading volume of 374,425 shares, compared to its average volume of 974,388. The stock has a market cap of $77.52 million, a P/E ratio of -1.41 and a beta of 3.73. BuzzFeed has a 12 month low of $1.26 and a 12 month high of $5.68. The business has a fifty day moving average price of $2.50 and a 200 day moving average price of $2.83.

Institutional Trading of BuzzFeed

Several hedge funds and other institutional investors have recently bought and sold shares of BZFD. Geode Capital Management LLC grew its holdings in shares of BuzzFeed by 18.7% during the third quarter. Geode Capital Management LLC now owns 187,598 shares of the company's stock valued at $500,000 after purchasing an additional 29,543 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in BuzzFeed in the fourth quarter worth approximately $198,000. Focus Partners Wealth acquired a new stake in shares of BuzzFeed during the 4th quarter valued at $37,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of BuzzFeed during the 4th quarter valued at $211,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of BuzzFeed during the 4th quarter valued at $75,000. 37.64% of the stock is owned by institutional investors.

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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.