Short Interest in IZEA Worldwide, Inc. (NASDAQ:IZEA) Drops By 17.3%

IZEA Worldwide, Inc. (NASDAQ:IZEA) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 35,900 shares, a decrease of 17.3% from the February 28th total of 43,400 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 30,500 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in IZEA Worldwide stock. Y Intercept Hong Kong Ltd acquired a new stake in IZEA Worldwide, Inc. (NASDAQ:IZEA) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,688 shares of the company’s stock, valued at approximately $40,000. Y Intercept Hong Kong Ltd owned approximately 0.09% of IZEA Worldwide at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.56% of the company’s stock.

IZEA Worldwide Trading Down 4.8 %

NASDAQ IZEA traded down $0.10 on Thursday, hitting $2.00. 28,256 shares of the stock traded hands, compared to its average volume of 41,522. The company has a market capitalization of $33.83 million, a P/E ratio of -2.13 and a beta of 1.55. The stock has a 50-day moving average of $2.42 and a 200 day moving average of $2.56. IZEA Worldwide has a twelve month low of $1.91 and a twelve month high of $3.60.

IZEA Worldwide (NASDAQ:IZEA) last issued its earnings results on Thursday, March 27th. The company reported ($0.13) EPS for the quarter. The company had revenue of $11.00 million during the quarter. IZEA Worldwide had a negative net margin of 46.65% and a negative return on equity of 26.06%. As a group, equities research analysts expect that IZEA Worldwide will post -0.53 earnings per share for the current year.

About IZEA Worldwide

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.