BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 798,600 shares, a drop of 13.4% from the September 30th total of 922,700 shares. Based on an average daily trading volume, of 400,700 shares, the days-to-cover ratio is currently 2.0 days. Currently, 4.8% of the company's shares are short sold.
BuzzFeed Stock Down 1.6 %
Shares of BuzzFeed stock traded down $0.04 during trading on Tuesday, hitting $2.51. The stock had a trading volume of 360,736 shares, compared to its average volume of 1,129,767. The company has a market capitalization of $91.89 million, a PE ratio of -1.02 and a beta of 3.35. BuzzFeed has a 1 year low of $0.64 and a 1 year high of $4.56. The stock has a 50 day simple moving average of $2.60 and a 200 day simple moving average of $2.47.
BuzzFeed (NASDAQ:BZFD - Get Free Report) last announced its earnings results on Monday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $46.93 million for the quarter. BuzzFeed had a negative net margin of 28.24% and a negative return on equity of 45.51%.
Institutional Investors Weigh In On BuzzFeed
Several hedge funds have recently bought and sold shares of the business. Baader Bank Aktiengesellschaft acquired a new position in shares of BuzzFeed in the 2nd quarter valued at about $475,000. Seven Post Investment Office LP acquired a new position in BuzzFeed in the 2nd quarter valued at approximately $1,881,000. Dimensional Fund Advisors LP purchased a new stake in BuzzFeed in the 2nd quarter worth approximately $53,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of BuzzFeed during the 2nd quarter valued at $37,000. 37.64% of the stock is owned by hedge funds and other institutional investors.
BuzzFeed Company Profile
(
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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.
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