IZEA Worldwide, Inc. (NASDAQ:IZEA) Sees Significant Increase in Short Interest

IZEA Worldwide, Inc. (NASDAQ:IZEA) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 43,400 shares, an increase of 49.1% from the February 13th total of 29,100 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 34,000 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of IZEA Worldwide

An institutional investor recently raised its position in IZEA Worldwide stock. Dimensional Fund Advisors LP raised its position in shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) by 24.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,111 shares of the company’s stock after acquiring an additional 8,547 shares during the period. Dimensional Fund Advisors LP owned approximately 0.26% of IZEA Worldwide worth $121,000 at the end of the most recent quarter. Institutional investors and hedge funds own 15.56% of the company’s stock.

IZEA Worldwide Price Performance

IZEA stock traded down $0.03 during midday trading on Monday, reaching $2.21. 28,269 shares of the company were exchanged, compared to its average volume of 43,415. IZEA Worldwide has a one year low of $1.95 and a one year high of $3.60. The firm has a market capitalization of $37.50 million, a price-to-earnings ratio of -2.35 and a beta of 1.55. The business has a 50-day moving average price of $2.49 and a two-hundred day moving average price of $2.57.

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.