Short Interest in BuzzFeed, Inc. (NASDAQ:BZFD) Decreases By 38.6%

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. Approximately 6.7% of the company’s stock are short sold. Based on an average daily volume of 1,780,000 shares, the short-interest ratio is presently 0.8 days.

Insider Activity at BuzzFeed

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BuzzFeed stock. Monaco Asset Management SAM acquired a new stake 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 acquired 500,000 shares of the company’s stock, valued at approximately $125,000. Monaco Asset Management SAM owned about 0.35% of BuzzFeed as of its most recent filing with the Securities & Exchange Commission. 37.64% of the stock is currently owned by hedge funds and other institutional investors.

BuzzFeed Trading Down 5.5 %

BuzzFeed stock traded down $0.16 on Friday, reaching $2.76. 747,539 shares of the stock were exchanged, compared to its average volume of 744,928. The stock has a market cap of $101.04 million, a PE ratio of -1.12 and a beta of 3.40. BuzzFeed has a twelve month low of $0.64 and a twelve month high of $4.56. The firm has a fifty day moving average price of $2.26 and a two-hundred day moving average price of $1.59.

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

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.