BuzzFeed, Inc. (NASDAQ:BZFD – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 695,600 shares, a decline of 12.9% from the October 15th total of 798,600 shares. Approximately 4.2% of the shares of the stock are sold short. Based on an average trading volume of 444,000 shares, the days-to-cover ratio is currently 1.6 days.
BuzzFeed Price Performance
NASDAQ BZFD traded down $0.22 during trading hours on Friday, hitting $3.06. 839,225 shares of the company’s stock traded hands, compared to its average volume of 1,133,581. BuzzFeed has a 52-week low of $0.64 and a 52-week high of $4.56. The company has a market capitalization of $115.65 million, a PE ratio of -2.11 and a beta of 3.35. The firm’s 50-day moving average is $2.66 and its 200-day moving average is $2.57.
Institutional Trading of BuzzFeed
Several large investors have recently bought and sold shares of the business. Seven Post Investment Office LP purchased a new stake in BuzzFeed during the 2nd quarter valued at about $1,881,000. Geode Capital Management LLC grew 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 valued at $500,000 after acquiring an additional 29,543 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in BuzzFeed during the 2nd quarter valued at about $475,000. Dimensional Fund Advisors LP purchased a new stake in BuzzFeed during the 2nd quarter valued at about $53,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in BuzzFeed during the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 37.64% of the company’s stock.
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.
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