BuzzFeed, Inc. (NASDAQ:BZFDW) Sees Significant Decrease in Short Interest

BuzzFeed, Inc. (NASDAQ:BZFDW) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 6,700 shares, a decrease of 65.6% from the May 31st total of 19,500 shares. Based on an average daily volume of 69,200 shares, the days-to-cover ratio is presently 0.1 days.

BuzzFeed Stock Performance

NASDAQ BZFDW traded up $0.02 on Friday, hitting $0.11. The stock had a trading volume of 2,450 shares, compared to its average volume of 55,838. BuzzFeed has a 52-week low of $0.01 and a 52-week high of $0.22. The firm has a 50-day moving average of $0.08 and a 200-day moving average of $0.05.

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.