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

BuzzFeed, Inc. (NASDAQ:BZFDW) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 9,033 shares, an increase of 73.9% from the February 26th total of 5,194 shares. Based on an average daily volume of 14,783 shares, the short-interest ratio is presently 0.6 days.

BuzzFeed Price Performance

NASDAQ:BZFDW opened at $0.01 on Friday. The company’s 50 day moving average is $0.02 and its 200-day moving average is $0.03. BuzzFeed has a 12 month low of $0.01 and a 12 month high of $0.16.

BuzzFeed Company Profile

BuzzFeed, Inc is a global digital media and entertainment company founded in 2006 by Jonah Peretti and John S. Johnson III. The firm operates a diversified portfolio of content channels that span news, pop culture, lifestyle, and social video. Through its flagship website and mobile applications, BuzzFeed reaches audiences with a blend of editorially driven journalism, user-generated content formats, and viral quizzes.

The company’s offerings encompass several branded divisions including BuzzFeed News, which delivers investigative journalism and breaking news; Tasty, a food and recipe network; and various entertainment franchises such as original video series and personality-driven channels.