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

IZEA Worldwide, Inc. (NASDAQ:IZEA) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 35,900 shares, a decrease of 17.3% from the February 28th total of 43,400 shares. Based on an average daily trading volume, of 30,500 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.3% of the shares of the stock are short sold.

IZEA Worldwide Price Performance

Shares of NASDAQ IZEA remained flat at $2.10 during mid-day trading on Tuesday. 14,922 shares of the stock were exchanged, compared to its average volume of 42,163. The firm has a market cap of $35.63 million, a PE ratio of -2.23 and a beta of 1.55. IZEA Worldwide has a 1-year low of $1.91 and a 1-year high of $3.60. The business has a fifty day simple moving average of $2.43 and a 200-day simple moving average of $2.56.

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

Hedge Funds Weigh In On IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Dimensional Fund Advisors LP lifted its stake in shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) by 24.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,111 shares of the company’s stock after acquiring an additional 8,547 shares during the period. Dimensional Fund Advisors LP owned 0.26% of IZEA Worldwide worth $121,000 as of its most recent filing with the Securities & Exchange Commission. 15.56% of the stock is owned by institutional investors.

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.