IZEA Worldwide, Inc. (NASDAQ:IZEA) Short Interest Update

IZEA Worldwide, Inc. (NASDAQ:IZEA) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 107,500 shares, a drop of 12.5% from the October 15th total of 122,900 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 35,900 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Investors Weigh In On IZEA Worldwide

Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. acquired a new position in shares of IZEA Worldwide in the 1st quarter worth approximately $108,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in IZEA Worldwide in the third quarter valued at about $55,000. Flower City Capital bought a new stake in IZEA Worldwide during the 3rd quarter worth approximately $192,000. Renaissance Technologies LLC increased its position in shares of IZEA Worldwide by 54.9% during the third quarter. Renaissance Technologies LLC now owns 108,100 shares of the company’s stock worth $77,000 after acquiring an additional 38,300 shares in the last quarter. Finally, Jacob Asset Management of New York LLC increased its holdings in IZEA Worldwide by 9.6% during the 3rd quarter. Jacob Asset Management of New York LLC now owns 114,650 shares of the company’s stock worth $248,000 after purchasing an additional 10,000 shares in the last quarter. 8.68% of the stock is owned by institutional investors and hedge funds.

IZEA Worldwide Price Performance

Shares of IZEA stock remained flat at $2.31 on Friday. 52,774 shares of the company traded hands, compared to its average volume of 38,617. The firm has a market cap of $35.70 million, a PE ratio of -5.73 and a beta of 2.17. IZEA Worldwide has a 1-year low of $1.86 and a 1-year high of $3.28. The firm’s fifty day moving average price is $2.20 and its two-hundred day moving average price is $2.41.

IZEA Worldwide (NASDAQ:IZEA) last released its quarterly earnings results on Monday, August 14th. The company reported ($0.07) EPS for the quarter. IZEA Worldwide had a negative net margin of 18.66% and a negative return on equity of 10.02%. The firm had revenue of $10.69 million during the quarter. As a group, equities analysts predict that IZEA Worldwide will post -0.1 EPS for the current fiscal year.

About IZEA Worldwide

IZEA Worldwide, Inc, together with its subsidiaries, creates and operates online marketplaces that connect marketers with content creators. Its technology solutions enable the management of content workflow, creator search and targeting, bidding, analytics, and payment processing. The company uses its platform to manage influencer marketing campaigns on behalf of the company's marketers.