BuzzFeed, Inc. (NASDAQ:BZFD – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 922,700 shares, a decline of 15.3% from the September 15th total of 1,090,000 shares. Based on an average daily volume of 609,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 5.5% of the company’s shares are short sold.
BuzzFeed Stock Performance
BuzzFeed stock traded up $0.07 during trading hours on Monday, reaching $2.43. 299,709 shares of the company’s stock traded hands, compared to its average volume of 1,176,895. BuzzFeed has a fifty-two week low of $0.64 and a fifty-two week high of $4.56. The firm’s 50 day moving average is $2.62 and its 200-day moving average is $2.40. The firm has a market capitalization of $88.96 million, a price-to-earnings ratio of -0.96 and a beta of 3.35.
BuzzFeed (NASDAQ:BZFD – Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $46.93 million during 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
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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