IZEA Worldwide, Inc. (NASDAQ:IZEA) Short Interest Down 17.3% in March

IZEA Worldwide, Inc. (NASDAQ:IZEA) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 35,900 shares, a decline 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 trading volume of 30,500 shares, the days-to-cover ratio is presently 1.2 days.

Hedge Funds Weigh In On IZEA Worldwide

An institutional investor recently bought a new position in IZEA Worldwide stock. Y Intercept Hong Kong Ltd purchased a new stake in shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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 as of its most recent SEC filing. 15.56% of the stock is currently owned by institutional investors.

IZEA Worldwide Stock Performance

NASDAQ IZEA remained flat at $2.10 on Wednesday. The company’s stock had a trading volume of 4,691 shares, compared to its average volume of 41,569. The firm’s 50-day simple moving average is $2.42 and its 200-day simple moving average is $2.56. IZEA Worldwide has a 1-year low of $1.91 and a 1-year high of $3.60. The firm has a market capitalization of $35.52 million, a price-to-earnings ratio of -2.23 and a beta of 1.55.

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