IZEA Worldwide, Inc. (NASDAQ:IZEA) Short Interest Up 49.1% in February

IZEA Worldwide, Inc. (NASDAQ:IZEA) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 43,400 shares, a growth of 49.1% from the February 13th total of 29,100 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 34,000 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in IZEA Worldwide stock. Dimensional Fund Advisors LP increased its position in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 24.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,111 shares of the company’s stock after purchasing an additional 8,547 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.26% of IZEA Worldwide worth $121,000 as of its most recent SEC filing. 15.56% of the stock is currently owned by hedge funds and other institutional investors.

IZEA Worldwide Stock Down 1.3 %

Shares of NASDAQ IZEA traded down $0.03 during trading hours on Monday, hitting $2.21. The company had a trading volume of 28,269 shares, compared to its average volume of 43,415. IZEA Worldwide has a 1-year low of $1.95 and a 1-year high of $3.60. The firm’s 50 day moving average is $2.49 and its 200-day moving average is $2.57. The stock has a market capitalization of $37.50 million, a P/E ratio of -2.35 and a beta of 1.55.

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.