Short Interest in BuzzFeed, Inc. (NASDAQ:BZFDW) Expands By 208.0%

BuzzFeed, Inc. (NASDAQ:BZFDW) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 66,428 shares, a growth of 208.0% from the July 15th total of 21,567 shares. Based on an average trading volume of 15,859 shares, the days-to-cover ratio is currently 4.2 days.

BuzzFeed Trading Up 0.7%

NASDAQ:BZFDW traded up $0.00 during midday trading on Thursday, reaching $0.01. The company had a trading volume of 30,105 shares, compared to its average volume of 53,398. The stock’s fifty day simple moving average is $0.02 and its 200-day simple moving average is $0.02. BuzzFeed has a 12-month low of $0.01 and a 12-month high of $0.08.

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.