BuzzFeed, Inc. (NASDAQ:BZFD) Sees Significant Increase in Short Interest

BuzzFeed, Inc. (NASDAQ:BZFD) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,960,000 shares, a growth of 19.5% from the August 15th total of 1,640,000 shares. Currently, 4.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 609,000 shares, the days-to-cover ratio is presently 3.2 days.

BuzzFeed Trading Down 7.6 %

NASDAQ BZFD traded down $0.03 during trading hours on Monday, hitting $0.35. The company’s stock had a trading volume of 122,862 shares, compared to its average volume of 4,983,614. The stock has a fifty day moving average of $0.51 and a 200 day moving average of $0.68. BuzzFeed has a twelve month low of $0.34 and a twelve month high of $4.25. The firm has a market capitalization of $50.39 million, a P/E ratio of -0.25 and a beta of 3.13. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.17.

BuzzFeed (NASDAQ:BZFD) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). BuzzFeed had a negative net margin of 51.15% and a negative return on equity of 42.82%. The business had revenue of $77.90 million during the quarter. Equities research analysts forecast that BuzzFeed will post -0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BuzzFeed news, major shareholder John S. Johnson III sold 74,480 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $0.40, for a total transaction of $29,792.00. Following the sale, the insider now directly owns 5,265,586 shares of the company’s stock, valued at $2,106,234.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder John S. Johnson III sold 74,480 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $0.40, for a total transaction of $29,792.00. Following the transaction, the insider now directly owns 5,265,586 shares in the company, valued at $2,106,234.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder John S. Johnson III sold 95,235 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $0.35, for a total transaction of $33,332.25. Following the transaction, the insider now owns 4,988,815 shares in the company, valued at $1,746,085.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 326,275 shares of company stock valued at $126,889. 22.82% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BuzzFeed

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in BuzzFeed by 64.6% in the third quarter. Vanguard Group Inc. now owns 3,663,840 shares of the company’s stock worth $5,716,000 after purchasing an additional 1,437,733 shares during the period. GAM Holding AG acquired a new stake in BuzzFeed in the first quarter worth $1,044,000. Cubist Systematic Strategies LLC acquired a new stake in BuzzFeed in the first quarter worth $752,000. BlackRock Inc. acquired a new stake in BuzzFeed in the first quarter worth $1,636,000. Finally, HRT Financial LP acquired a new stake in BuzzFeed in the fourth quarter worth $137,000. 19.50% of the stock is currently 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. It offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a newsroom for young audience; Tasty, a platform for shareable food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content; and Complex Networks that offers culture content of music, food, style, entertainment, and sports.