IZEA Worldwide, Inc. (NASDAQ:IZEA) Short Interest Update

IZEA Worldwide, Inc. (NASDAQ:IZEA) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 17,200 shares, a decline of 49.9% from the May 15th total of 34,300 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 55,200 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On IZEA Worldwide

An institutional investor recently raised its position in IZEA Worldwide stock. Dimensional Fund Advisors LP boosted its holdings in shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) by 24.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,111 shares of the company’s stock after buying an additional 8,547 shares during the period. Dimensional Fund Advisors LP owned approximately 0.26% of IZEA Worldwide worth $121,000 as of its most recent filing with the Securities and Exchange Commission. 15.56% of the stock is owned by institutional investors.

IZEA Worldwide Trading Down 0.7%

Shares of IZEA traded down $0.02 during trading hours on Monday, reaching $2.77. The company had a trading volume of 32,076 shares, compared to its average volume of 38,733. The firm has a 50 day simple moving average of $2.34 and a 200-day simple moving average of $2.40. The company has a market capitalization of $46.89 million, a price-to-earnings ratio of -2.95 and a beta of 1.27. IZEA Worldwide has a 12-month low of $1.68 and a 12-month high of $3.15.

IZEA Worldwide (NASDAQ:IZEA) last released its earnings results on Tuesday, May 13th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.16. The firm had revenue of $7.97 million during the quarter, compared to analysts’ expectations of $9.00 million. IZEA Worldwide had a negative net margin of 46.65% and a negative return on equity of 26.06%. Sell-side analysts forecast 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.