Izea Worldwide, Inc. (NASDAQ:IZEA) Short Interest Down 33.8% in December

Izea Worldwide, Inc. (NASDAQ:IZEA) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 91,988 shares, a decline of 33.8% from the November 30th total of 139,005 shares. Based on an average daily trading volume, of 69,339 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 69,339 shares, the days-to-cover ratio is presently 1.3 days.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wall Street Zen downgraded shares of Izea Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Izea Worldwide in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Stonebridge Wealth Management LLC bought a new stake in shares of Izea Worldwide during the third quarter valued at about $52,000. Ground Swell Capital LLC acquired a new position in Izea Worldwide during the 3rd quarter valued at about $43,000. Finally, Cove Street Capital LLC increased its stake in Izea Worldwide by 2.7% during the 3rd quarter. Cove Street Capital LLC now owns 181,860 shares of the company’s stock valued at $677,000 after buying an additional 4,776 shares during the period. 15.56% of the stock is owned by institutional investors and hedge funds.

Izea Worldwide Price Performance

Shares of NASDAQ:IZEA traded down $0.05 during trading on Monday, reaching $4.44. 59,512 shares of the company’s stock traded hands, compared to its average volume of 56,597. Izea Worldwide has a 12 month low of $1.68 and a 12 month high of $5.86. The company has a 50 day moving average of $4.95 and a 200-day moving average of $4.12.

Izea Worldwide (NASDAQ:IZEA) last issued its earnings results on Wednesday, November 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). Izea Worldwide had a negative return on equity of 2.06% and a negative net margin of 9.43%.The company had revenue of $8.04 million during the quarter, compared to analyst estimates of $10.00 million. On average, sell-side analysts anticipate that Izea Worldwide will post -0.53 EPS for the current year.

About Izea Worldwide

IZEA Worldwide, Inc is a technology-driven marketing services company that operates a global digital marketplace connecting brands, agencies and media companies with content creators and influencers. The company’s platform enables clients to plan, execute and measure content marketing and social media campaigns across blogs, social networks, video channels and other digital outlets. Through both self-service tools and managed service engagements, IZEA provides end-to-end solutions for influencer marketing, sponsored content creation and content distribution.

Key offerings include campaign management software, content licensing and rights management, influencer discovery and analytics, and performance reporting.