Short Interest in IZEA Worldwide, Inc. (NASDAQ:IZEA) Expands By 42.5%

IZEA Worldwide, Inc. (NASDAQ:IZEAGet Rating) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 718,100 shares, a growth of 42.5% from the March 15th total of 503,900 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 885,900 shares, the days-to-cover ratio is currently 0.8 days.

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of IZEA Worldwide by 3.7% during the third quarter. Geode Capital Management LLC now owns 488,808 shares of the company’s stock valued at $938,000 after buying an additional 17,297 shares during the last quarter. Renaissance Technologies LLC lifted its position in IZEA Worldwide by 51.7% during the fourth quarter. Renaissance Technologies LLC now owns 560,583 shares of the company’s stock valued at $751,000 after purchasing an additional 190,983 shares during the period. Millennium Management LLC lifted its position in IZEA Worldwide by 1,018.2% during the fourth quarter. Millennium Management LLC now owns 334,880 shares of the company’s stock valued at $449,000 after purchasing an additional 304,933 shares during the period. Goldman Sachs Group Inc. acquired a new position in IZEA Worldwide during the fourth quarter valued at $91,000. Finally, Alpha Paradigm Partners LLC acquired a new position in IZEA Worldwide during the fourth quarter valued at $173,000. 12.44% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of IZEA Worldwide from a “hold” rating to a “buy” rating and set a $1.75 price target on the stock in a report on Thursday, April 7th.

NASDAQ IZEA remained flat at $$1.36 on Friday. 683,455 shares of the company’s stock traded hands, compared to its average volume of 1,773,614. The business has a 50-day moving average of $1.22 and a two-hundred day moving average of $1.49. IZEA Worldwide has a fifty-two week low of $0.85 and a fifty-two week high of $4.41. The company has a market capitalization of $84.56 million, a PE ratio of -27.20 and a beta of 2.79.

IZEA Worldwide (NASDAQ:IZEAGet Rating) last announced its quarterly earnings data on Wednesday, March 30th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $10.34 million for the quarter. IZEA Worldwide had a negative net margin of 10.96% and a negative return on equity of 4.81%. During the same period last year, the firm earned ($0.02) earnings per share. Sell-side analysts predict that IZEA Worldwide will post 0.01 EPS for the current fiscal year.

About IZEA Worldwide (Get Rating)

IZEA Worldwide, Inc, together with its subsidiaries, creates and operates online marketplaces that connect marketers and content creators. Its technology solutions enable the management of content workflow, creator search and targeting, bidding, analytics, and payment processing. The company uses its platform to manage influencer marketing campaigns on behalf of the company's marketers.

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