Short Interest in BuzzFeed, Inc. (NASDAQ:BZFD) Declines By 16.3%

BuzzFeed, Inc. (NASDAQ:BZFD) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 1,130,000 shares, a drop of 16.3% from the March 15th total of 1,350,000 shares. Approximately 5.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 441,400 shares, the short-interest ratio is currently 2.6 days.

BuzzFeed Stock Performance

NASDAQ BZFD traded down $0.02 on Monday, reaching $1.71. The company’s stock had a trading volume of 175,659 shares, compared to its average volume of 967,296. BuzzFeed has a twelve month low of $1.26 and a twelve month high of $5.68. The firm’s 50 day moving average is $2.07 and its two-hundred day moving average is $2.68. The stock has a market cap of $65.88 million, a PE ratio of -1.18 and a beta of 3.58.

BuzzFeed (NASDAQ:BZFD) last released its earnings results on Thursday, March 13th. The company reported ($0.10) EPS for the quarter. The business had revenue of $56.20 million for the quarter. BuzzFeed had a negative net margin of 22.51% and a negative return on equity of 33.17%.

Insider Buying and Selling at BuzzFeed

In related news, major shareholder Patrick J. Kerins sold 61,448 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $2.01, for a total transaction of $123,510.48. Following the transaction, the insider now owns 3,674,745 shares in the company, valued at $7,386,237.45. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1.95, for a total value of $26,576.55. Following the completion of the sale, the insider now owns 3,764,465 shares of the company’s stock, valued at $7,340,706.75. This trade represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,642 shares of company stock valued at $176,430. Company insiders own 20.31% of the company’s stock.

Institutional Investors Weigh In On BuzzFeed

A number of institutional investors and hedge funds have recently modified their holdings of BZFD. Focus Partners Wealth purchased a new position in shares of BuzzFeed in the fourth quarter worth approximately $37,000. Bank of America Corp DE increased its stake in shares of BuzzFeed by 1,615.5% in the fourth quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock worth $38,000 after acquiring an additional 13,312 shares during the last quarter. Oxford Asset Management LLP acquired a new position in shares of BuzzFeed in the fourth quarter worth $55,000. Graham Capital Management L.P. purchased a new stake in shares of BuzzFeed during the fourth quarter worth $75,000. Finally, Virtu Financial LLC acquired a new stake in BuzzFeed during the fourth quarter valued at $83,000. 37.64% of the stock is owned by institutional investors and hedge funds.

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.