BuzzFeed, Inc. (NASDAQ:BZFD – Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 4,780,000 shares, an increase of 6.9% from the March 15th total of 4,470,000 shares. Based on an average daily volume of 4,760,000 shares, the short-interest ratio is presently 1.0 days. Currently, 8.0% of the company’s stock are short sold.
Institutional Investors Weigh In On BuzzFeed
Institutional investors have recently made changes to their positions in the stock. Monaco Asset Management SAM acquired a new position in shares of BuzzFeed during the fourth quarter worth $125,000. Woodline Partners LP acquired a new stake in shares of BuzzFeed in the 2nd quarter valued at about $67,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of BuzzFeed in the 1st quarter valued at about $40,000. State Street Corp boosted its stake in BuzzFeed by 46.5% during the 1st quarter. State Street Corp now owns 129,523 shares of the company’s stock valued at $146,000 after purchasing an additional 41,100 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in BuzzFeed during the 1st quarter valued at about $752,000. 37.64% of the stock is currently owned by institutional investors.
BuzzFeed Stock Performance
Shares of BuzzFeed stock opened at $0.37 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.58 and a quick ratio of 0.58. The stock’s 50-day moving average is $0.35 and its 200-day moving average is $0.31. The firm has a market cap of $53.90 million, a price-to-earnings ratio of -0.59 and a beta of 3.09. BuzzFeed has a one year low of $0.16 and a one year high of $1.04.
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.
Featured Articles
- Five stocks we like better than BuzzFeed
- The 3 Best Fintech Stocks to Buy Now
- United Airlines Soars on Earnings Beat
- How to Invest in the Best Canadian StocksĀ
- J.B. Hunt Hits the Skids: Lower Prices to Come
- Are Penny Stocks a Good Fit for Your Portfolio?
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for BuzzFeed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BuzzFeed and related companies with MarketBeat.com's FREE daily email newsletter.