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

BuzzFeed, Inc. (NASDAQ:BZFDW) saw a significant growth in short interest in 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 short-interest ratio is presently 2.3 days.

BuzzFeed Stock Performance

Shares of BZFDW opened at $0.04 on Friday. The company’s fifty day moving average is $0.04 and its 200-day moving average is $0.04. BuzzFeed has a 12 month low of $0.01 and a 12 month high of $0.12.

Hedge Funds Weigh In On BuzzFeed

An institutional investor recently bought a new position in BuzzFeed stock. UBS Group AG acquired a new position in BuzzFeed, Inc. (NASDAQ:BZFDW) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,748 shares of the company’s stock, valued at approximately $25,000.

About BuzzFeed

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.