Izea Worldwide, Inc. (NASDAQ:IZEA) Sees Large Growth in Short Interest

Izea Worldwide, Inc. (NASDAQ:IZEA) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 105,264 shares, a growth of 70.6% from the August 15th total of 61,688 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 63,903 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its holdings in Izea Worldwide by 733.2% in the second quarter. NewEdge Advisors LLC now owns 37,051 shares of the company’s stock valued at $137,000 after acquiring an additional 32,604 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Izea Worldwide by 59.8% in the 1st quarter. Renaissance Technologies LLC now owns 147,740 shares of the company’s stock valued at $519,000 after purchasing an additional 55,300 shares during the period. Diversify Wealth Management LLC purchased a new stake in Izea Worldwide during the first quarter worth $97,000. Finally, ARS Investment Partners LLC boosted its holdings in Izea Worldwide by 9.6% during the first quarter. ARS Investment Partners LLC now owns 117,129 shares of the company’s stock worth $411,000 after buying an additional 10,288 shares in the last quarter. 15.56% of the stock is currently owned by hedge funds and other institutional investors.

Izea Worldwide Stock Performance

NASDAQ IZEA traded down $0.01 during trading hours on Friday, reaching $2.62. The stock had a trading volume of 13,267 shares, compared to its average volume of 59,759. Izea Worldwide has a 52-week low of $2.58 and a 52-week high of $5.86. The stock has a fifty day moving average of $3.20 and a 200 day moving average of $3.59. The stock has a market cap of $45.73 million, a P/E ratio of -18.75 and a beta of 1.22.

Izea Worldwide (NASDAQ:IZEA) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $5.81 million for the quarter, compared to analyst estimates of $8.00 million. Izea Worldwide had a negative net margin of 9.36% and a negative return on equity of 5.10%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on IZEA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Izea Worldwide in a research report on Monday, August 31st. Wall Street Zen upgraded shares of Izea Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Izea Worldwide Company Profile

IZEA Worldwide, Inc (NASDAQ: IZEA) is a technology and services company that operates in the creator economy and influencer marketing industry. The company helps brands and agencies identify, engage and compensate social media creators and other content producers for marketing campaigns.

IZEA provides software and managed services designed to support influencer and creator marketing programs, including campaign planning, creator discovery, content development, workflow management, payments and performance measurement.