Short Interest in IZEA Worldwide, Inc. (NASDAQ:IZEA) Rises By 88.8%

IZEA Worldwide, Inc. (NASDAQ:IZEA) was the recipient of a large 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 company’s shares 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 lifted its position in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 48.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,741 shares of the company’s stock after acquiring an additional 5,140 shares during the period. Dimensional Fund Advisors LP owned approximately 0.09% of IZEA Worldwide worth $37,000 at the end of the most recent quarter. 15.56% of the stock is owned by institutional investors and hedge funds.

IZEA Worldwide Trading Up 3.9 %

Shares of IZEA traded up $0.10 on Friday, reaching $2.67. 56,455 shares of the company’s stock were exchanged, compared to its average volume of 52,393. The business has a 50 day moving average price of $2.32 and a two-hundred day moving average price of $2.41. IZEA Worldwide has a 12 month low of $1.83 and a 12 month high of $3.60. The stock has a market capitalization of $44.61 million, a P/E ratio of -5.45 and a beta of 1.57.

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. IZEA Worldwide had a negative net margin of 27.32% and a negative return on equity of 14.18%. The company had revenue of $9.09 million during the quarter. Equities research analysts predict that IZEA Worldwide will post -0.39 EPS 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.