BuzzFeed, Inc. (NASDAQ:BZFDW) Short Interest Up 73.9% in March

BuzzFeed, Inc. (NASDAQ:BZFDW) was the target of a significant increase in short interest in 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 remained flat at $0.01 on Friday. 1,236 shares of the company’s stock traded hands, compared to its average volume of 20,165. The business has a 50 day simple moving average of $0.02 and a 200-day simple moving average of $0.03. BuzzFeed has a 52-week low of $0.01 and a 52-week 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.