BuzzFeed, Inc. (NASDAQ:BZFD) Short Interest Up 20.4% in January

BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 860,200 shares, a growth of 20.4% from the December 31st total of 714,600 shares. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 5.2% of the company's shares are sold short.

Hedge Funds Weigh In On BuzzFeed

Several large investors have recently made changes to their positions in BZFD. Dimensional Fund Advisors LP acquired a new stake in BuzzFeed in the 2nd quarter valued at approximately $53,000. Cubist Systematic Strategies LLC purchased a new stake in shares of BuzzFeed in the 2nd quarter valued at $37,000. Finally, Geode Capital Management LLC lifted its stake in BuzzFeed by 18.7% during the 3rd quarter. Geode Capital Management LLC now owns 187,598 shares of the company's stock worth $500,000 after acquiring an additional 29,543 shares in the last quarter. 37.64% of the stock is currently owned by institutional investors and hedge funds.

BuzzFeed Stock Down 2.8 %

Shares of BuzzFeed stock traded down $0.07 during mid-day trading on Friday, hitting $2.44. The stock had a trading volume of 284,249 shares, compared to its average volume of 496,158. The firm has a 50-day moving average of $3.14 and a two-hundred day moving average of $2.88. The firm has a market cap of $92.72 million, a P/E ratio of -1.68 and a beta of 3.72. BuzzFeed has a 12-month low of $0.67 and a 12-month high of $5.68.

BuzzFeed (NASDAQ:BZFD - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter. The business had revenue of $64.32 million during the quarter. BuzzFeed had a negative return on equity of 33.17% and a negative net margin of 22.51%.

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.