IZEA Worldwide, Inc. (NASDAQ:IZEA) Short Interest Down 6.6% in October

IZEA Worldwide, Inc. (NASDAQ:IZEA) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 52,300 shares, a decline of 6.6% from the September 30th total of 56,000 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 27,800 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in IZEA Worldwide stock. Renaissance Technologies LLC lifted its holdings in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 8.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,603 shares of the company’s stock after buying an additional 5,900 shares during the period. Renaissance Technologies LLC owned approximately 0.45% of IZEA Worldwide worth $178,000 as of its most recent filing with the Securities and Exchange Commission. 15.56% of the stock is owned by institutional investors and hedge funds.

IZEA Worldwide Stock Up 1.1 %

IZEA Worldwide stock opened at $2.88 on Thursday. The stock has a 50-day moving average price of $2.51 and a 200 day moving average price of $2.48. The company has a market capitalization of $48.11 million, a price-to-earnings ratio of -5.88 and a beta of 1.58. IZEA Worldwide has a 52 week low of $1.83 and a 52 week high of $3.60.

IZEA Worldwide (NASDAQ:IZEA) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.13) EPS for the quarter. The business had revenue of $9.09 million during the quarter. IZEA Worldwide had a negative net margin of 27.32% and a negative return on equity of 14.18%. Research analysts anticipate that IZEA Worldwide will post -0.39 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.