BuzzFeed, Inc. (NASDAQ:BZFD) Sees Large Decline in Short Interest

BuzzFeed, Inc. (NASDAQ:BZFD) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 1,350,000 shares, a decline of 38.6% from the May 31st total of 2,200,000 shares. Currently, 6.7% of the shares of the stock are short sold. Based on an average trading volume of 1,780,000 shares, the days-to-cover ratio is currently 0.8 days.

BuzzFeed Trading Down 5.5 %

NASDAQ BZFD traded down $0.16 during trading on Friday, reaching $2.76. 747,539 shares of the company’s stock were exchanged, compared to its average volume of 744,928. The firm has a market capitalization of $101.04 million, a PE ratio of -1.12 and a beta of 3.40. BuzzFeed has a fifty-two week low of $0.64 and a fifty-two week high of $4.56. The company’s fifty day simple moving average is $2.26 and its 200-day simple moving average is $1.59.

BuzzFeed (NASDAQ:BZFD) last posted its quarterly earnings results on Monday, May 13th. The company reported ($0.72) EPS for the quarter. BuzzFeed had a negative net margin of 32.51% and a negative return on equity of 58.08%. The company had revenue of $44.76 million for the quarter.

Insider Buying and Selling

In other news, major shareholder John S. Johnson III sold 104,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $2.85, for a total transaction of $296,400.00. Following the completion of the sale, the insider now directly owns 1,091,195 shares of the company’s stock, valued at $3,109,905.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder John S. Johnson III sold 104,000 shares of BuzzFeed stock in a transaction on Friday, May 31st. The shares were sold at an average price of $2.85, for a total value of $296,400.00. Following the transaction, the insider now owns 1,091,195 shares in the company, valued at approximately $3,109,905.75. The disclosure for this sale can be found here. Insiders own 20.31% of the company’s stock.

Hedge Funds Weigh In On BuzzFeed

An institutional investor recently bought a new position in BuzzFeed stock. Monaco Asset Management SAM bought a new position in shares of BuzzFeed, Inc. (NASDAQ:BZFD) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 500,000 shares of the company’s stock, valued at approximately $125,000. Monaco Asset Management SAM owned 0.35% of BuzzFeed as of its most recent SEC filing. Hedge funds and other institutional investors own 37.64% of the company’s stock.

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.