BuzzFeed, Inc. (NASDAQ:BZFDW) Sees Large Growth in Short Interest

BuzzFeed, Inc. (NASDAQ:BZFDW) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 54,700 shares, a growth of 441.6% from the February 29th total of 10,100 shares. Based on an average trading volume of 23,400 shares, the days-to-cover ratio is presently 2.3 days.

BuzzFeed Trading Up 22.8 %

NASDAQ:BZFDW opened at $0.04 on Thursday. BuzzFeed has a one year low of $0.01 and a one year high of $0.12. The firm’s fifty day moving average price is $0.04 and its two-hundred day moving average price is $0.04.

Hedge Funds Weigh In On BuzzFeed

A hedge fund recently bought a new stake in BuzzFeed stock. UBS Group AG purchased a new stake in BuzzFeed, Inc. (NASDAQ:BZFDW) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,748 shares of the company’s stock, valued at approximately $25,000.

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.