BuzzFeed, Inc. (NASDAQ:BZFDW) Short Interest Down 39.3% in March

BuzzFeed, Inc. (NASDAQ:BZFDW) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 33,200 shares, a drop of 39.3% from the March 15th total of 54,700 shares. Based on an average daily trading volume, of 27,600 shares, the days-to-cover ratio is currently 1.2 days.

BuzzFeed Stock Performance

Shares of BZFDW stock remained flat at $0.04 during mid-day trading on Friday. The company’s stock had a trading volume of 9,356 shares, compared to its average volume of 34,051. BuzzFeed has a twelve month low of $0.01 and a twelve month high of $0.12. The stock has a 50-day moving average of $0.04 and a 200-day moving average of $0.04.

Hedge Funds Weigh In On BuzzFeed

An institutional investor recently bought a new position in BuzzFeed stock. UBS Group AG acquired a new stake in shares of BuzzFeed, Inc. (NASDAQ:BZFDW) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.