IZEA Worldwide, Inc. (NASDAQ:IZEA) Sees Significant Growth in Short Interest

IZEA Worldwide, Inc. (NASDAQ:IZEA) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 68,900 shares, a growth of 88.8% from the August 31st total of 36,500 shares. Based on an average daily volume of 30,600 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Dimensional Fund Advisors LP boosted its holdings in shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) by 48.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,741 shares of the company’s stock after purchasing an additional 5,140 shares during the period. Dimensional Fund Advisors LP owned about 0.09% of IZEA Worldwide worth $37,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 15.56% of the company’s stock.

IZEA Worldwide Stock Up 3.9 %

Shares of IZEA traded up $0.10 during trading hours on Friday, reaching $2.67. The stock had a trading volume of 56,455 shares, compared to its average volume of 52,393. The company has a market cap of $44.61 million, a P/E ratio of -5.45 and a beta of 1.57. The firm has a 50-day moving average of $2.32 and a 200 day moving average of $2.41. IZEA Worldwide has a 52 week low of $1.83 and a 52 week high of $3.60.

IZEA Worldwide (NASDAQ:IZEA) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $9.09 million during the quarter. IZEA Worldwide had a negative net margin of 27.32% and a negative return on equity of 14.18%. As a group, equities analysts expect that IZEA Worldwide will post -0.39 earnings per share for the current year.

IZEA Worldwide Company Profile

IZEA Worldwide, Inc, together with its subsidiaries, offers software and professional services to connect brands and content creators in North America, the Asia Pacific, and internationally. The company offers IZEA Flex, its flagship platform for managing enterprise influencer marketing; and comprehensive expense management service to track and manage off-platform expenses related to influencer marketing campaigns.