BuzzFeed, Inc. (NASDAQ:BZFDW) Short Interest Down 59.7% in March

BuzzFeed, Inc. (NASDAQ:BZFDW) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 3,636 shares, a decrease of 59.7% from the March 15th total of 9,033 shares. Based on an average daily volume of 7,521 shares, the days-to-cover ratio is currently 0.5 days.

BuzzFeed Price Performance

Shares of BZFDW opened at $0.02 on Tuesday. BuzzFeed has a 12-month low of $0.01 and a 12-month high of $0.16. The firm has a 50-day moving average price of $0.02 and a 200 day moving average price of $0.03.

About BuzzFeed

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.