IZEA WORLDWIDE, INC. (NASDAQ:IZEA) Short Interest Up 194.4% in October

IZEA WORLDWIDE, INC. (NASDAQ:IZEA) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 63,300 shares, an increase of 194.4% from the September 30th total of 21,500 shares. Based on an average daily volume of 157,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 157,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of IZEA WORLDWIDE

A hedge fund recently bought a new stake in IZEA WORLDWIDE stock. Stonebridge Wealth Management LLC acquired a new stake in IZEA WORLDWIDE, INC. (NASDAQ:IZEA) during the third quarter, according to its most recent filing with the SEC. The firm acquired 13,900 shares of the company’s stock, valued at approximately $52,000. Stonebridge Wealth Management LLC owned about 0.08% of IZEA WORLDWIDE as of its most recent filing with the SEC. 15.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of IZEA WORLDWIDE in a research note on Wednesday, October 8th. Wall Street Zen cut IZEA WORLDWIDE from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

IZEA WORLDWIDE Trading Up 1.4%

NASDAQ:IZEA opened at $5.24 on Thursday. The firm has a market capitalization of $89.13 million, a PE ratio of -7.18 and a beta of 1.24. IZEA WORLDWIDE has a 1 year low of $1.68 and a 1 year high of $5.86. The firm’s fifty day simple moving average is $4.23 and its 200 day simple moving average is $3.35.

IZEA WORLDWIDE (NASDAQ:IZEA) last released its earnings results on Tuesday, August 12th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. The firm had revenue of $9.13 million during the quarter, compared to analysts’ expectations of $9.50 million. IZEA WORLDWIDE had a negative net margin of 33.38% and a negative return on equity of 19.89%. As a group, analysts anticipate that IZEA WORLDWIDE will post -0.53 EPS for the current fiscal year.

IZEA WORLDWIDE Company Profile

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.