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

IZEA Worldwide, Inc. (NASDAQ:IZEA) was the recipient of a significant decrease in short interest during the month of 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. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 30,500 shares, the days-to-cover ratio is presently 1.2 days.

IZEA Worldwide Stock Performance

Shares of IZEA traded down $0.10 during trading hours on Thursday, hitting $2.00. The stock had a trading volume of 28,256 shares, compared to its average volume of 41,522. IZEA Worldwide has a 12-month low of $1.91 and a 12-month high of $3.60. The firm has a market cap of $33.83 million, a P/E ratio of -2.13 and a beta of 1.55. The company’s fifty day simple moving average is $2.42 and its 200 day simple moving average is $2.56.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in IZEA Worldwide stock. Y Intercept Hong Kong Ltd acquired a new stake in IZEA Worldwide, Inc. (NASDAQ:IZEA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,688 shares of the company’s stock, valued at approximately $40,000. Y Intercept Hong Kong Ltd owned about 0.09% of IZEA Worldwide at the end of the most recent reporting period. 15.56% of the stock is currently owned by hedge funds and other institutional investors.

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.