Short Interest in IZEA Worldwide, Inc. (NASDAQ:IZEA) Grows By 8.6%

IZEA Worldwide, Inc. (NASDAQ:IZEA) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 40,400 shares, a growth of 8.6% from the October 31st total of 37,200 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 32,300 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of IZEA Worldwide by 48.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,741 shares of the company’s stock valued at $37,000 after purchasing an additional 5,140 shares in the last quarter. Renaissance Technologies LLC increased its holdings in IZEA Worldwide by 8.5% in the second quarter. Renaissance Technologies LLC now owns 75,603 shares of the company’s stock valued at $178,000 after buying an additional 5,900 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of IZEA Worldwide during the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 15.56% of the company’s stock.

IZEA Worldwide Price Performance

Shares of IZEA stock traded down $0.04 during trading hours on Monday, reaching $2.82. 44,147 shares of the company’s stock were exchanged, compared to its average volume of 48,132. The company’s 50 day moving average is $2.72 and its two-hundred day moving average is $2.48. The company has a market cap of $47.86 million, a P/E ratio of -3.04 and a beta of 1.58. IZEA Worldwide has a 1 year low of $1.83 and a 1 year high of $3.60.

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.