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

BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 791,300 shares, a decrease of 15.7% from the April 30th total of 938,400 shares. Based on an average daily volume of 362,400 shares, the short-interest ratio is currently 2.2 days. Approximately 4.1% of the company's stock are short sold.

Insider Buying and Selling at BuzzFeed

In other BuzzFeed news, major shareholder Enterprise Associates 13 L. New sold 13,629 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $1.95, for a total value of $26,576.55. Following the transaction, the insider now directly owns 3,764,465 shares of the company's stock, valued at $7,340,706.75. This represents a 0.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Patrick J. Kerins sold 61,448 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $2.01, for a total value of $123,510.48. Following the completion of the transaction, the insider now directly owns 3,674,745 shares in the company, valued at approximately $7,386,237.45. The trade was a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BuzzFeed

Institutional investors have recently made changes to their positions in the company. R Squared Ltd increased its holdings in shares of BuzzFeed by 222.2% in the 1st quarter. R Squared Ltd now owns 15,080 shares of the company's stock valued at $32,000 after acquiring an additional 10,400 shares during the last quarter. EWA LLC bought a new stake in shares of BuzzFeed in the 1st quarter valued at approximately $36,000. Focus Partners Wealth bought a new position in BuzzFeed during the 4th quarter worth $37,000. Bank of America Corp DE grew its stake in BuzzFeed by 1,615.5% during the 4th quarter. Bank of America Corp DE now owns 14,136 shares of the company's stock worth $38,000 after buying an additional 13,312 shares during the last quarter. Finally, Naviter Wealth LLC bought a new position in BuzzFeed during the 1st quarter worth $40,000. 37.64% of the stock is currently owned by institutional investors.

BuzzFeed Stock Performance

Shares of NASDAQ BZFD traded up $0.09 during trading on Friday, reaching $2.16. The stock had a trading volume of 248,418 shares, compared to its average volume of 618,901. BuzzFeed has a one year low of $1.61 and a one year high of $5.68. The stock has a market cap of $83.21 million, a PE ratio of -1.49 and a beta of 3.54. The firm's 50 day moving average price is $1.92 and its two-hundred day moving average price is $2.51.

BuzzFeed (NASDAQ:BZFD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.33) earnings per share for the quarter. BuzzFeed had a negative net margin of 22.51% and a negative return on equity of 33.17%.

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.