Short Interest in IZEA Worldwide, Inc. (NASDAQ:IZEA) Drops By 6.6%

IZEA Worldwide, Inc. (NASDAQ:IZEA) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totalling 52,300 shares, a decline of 6.6% from the September 30th total of 56,000 shares. Based on an average trading volume of 27,800 shares, the short-interest ratio is currently 1.9 days. Currently, 0.4% of the shares of the stock are short sold.

IZEA Worldwide Stock Down 4.9 %

NASDAQ IZEA opened at $2.70 on Friday. The business has a 50-day moving average price of $2.54 and a 200-day moving average price of $2.49. IZEA Worldwide has a twelve month low of $1.83 and a twelve month high of $3.60. The firm has a market cap of $44.42 million, a price-to-earnings ratio of -4.91 and a beta of 1.58.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in IZEA Worldwide stock. Renaissance Technologies LLC raised its position in shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,603 shares of the company’s stock after buying an additional 5,900 shares during the quarter. Renaissance Technologies LLC owned about 0.45% of IZEA Worldwide worth $178,000 as of its most recent SEC filing. 15.56% of the stock is currently owned by hedge funds and other institutional investors.

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.