Izea Worldwide, Inc. (NASDAQ:IZEA) Short Interest Up 70.6% in August

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Izea Worldwide

A number of hedge funds have recently modified their holdings of IZEA. NewEdge Advisors LLC increased its stake in shares of Izea Worldwide by 733.2% in the 2nd quarter. NewEdge Advisors LLC now owns 37,051 shares of the company’s stock worth $137,000 after acquiring an additional 32,604 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Izea Worldwide by 59.8% during the first quarter. Renaissance Technologies LLC now owns 147,740 shares of the company’s stock worth $519,000 after acquiring an additional 55,300 shares in the last quarter. Diversify Wealth Management LLC bought a new position in shares of Izea Worldwide during the first quarter valued at approximately $97,000. Finally, ARS Investment Partners LLC lifted its holdings in shares of Izea Worldwide by 9.6% during the first quarter. ARS Investment Partners LLC now owns 117,129 shares of the company’s stock valued at $411,000 after purchasing an additional 10,288 shares during the last quarter. Institutional investors own 15.56% of the company’s stock.

Izea Worldwide Trading Down 0.8%

Shares of IZEA stock traded down $0.02 during midday trading on Thursday, reaching $2.64. 27,992 shares of the stock were exchanged, compared to its average volume of 60,021. Izea Worldwide has a 1 year low of $2.60 and a 1 year high of $5.86. The firm has a market cap of $45.99 million, a PE ratio of -18.86 and a beta of 1.22. The company’s 50 day moving average is $3.22 and its two-hundred day moving average is $3.60.

Izea Worldwide (NASDAQ:IZEA) last released its earnings results on Wednesday, August 12th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $5.81 million during the quarter, compared to analysts’ expectations of $8.00 million. Izea Worldwide had a negative net margin of 9.36% and a negative return on equity of 5.10%.

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.