Short Interest in BuzzFeed, Inc. (NASDAQ:BZFDW) Declines By 84.7%

BuzzFeed, Inc. (NASDAQ:BZFDW) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 3,980 shares, a drop of 84.7% from the May 14th total of 26,020 shares. Based on an average trading volume of 109,575 shares, the days-to-cover ratio is presently 0.0 days.

BuzzFeed Stock Performance

BZFDW remained flat at $0.03 during midday trading on Friday. The company’s stock had a trading volume of 7,686 shares, compared to its average volume of 69,831. BuzzFeed has a 1 year low of $0.01 and a 1 year high of $0.16. The stock has a 50 day moving average of $0.02 and a two-hundred day moving average of $0.02.

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.