IZEA Worldwide, Inc. (NASDAQ:IZEA) Sees Large Growth in Short Interest

IZEA Worldwide, Inc. (NASDAQ:IZEA) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 43,400 shares, an increase of 49.1% from the February 13th total of 29,100 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 34,000 shares, the days-to-cover ratio is presently 1.3 days.

IZEA Worldwide Price Performance

Shares of NASDAQ IZEA remained flat at $2.24 during mid-day trading on Friday. The stock had a trading volume of 10,291 shares, compared to its average volume of 43,476. The firm has a market capitalization of $38.01 million, a P/E ratio of -2.38 and a beta of 1.55. IZEA Worldwide has a one year low of $1.95 and a one year high of $3.60. The business’s 50-day simple moving average is $2.49 and its 200-day simple moving average is $2.57.

Hedge Funds Weigh In On IZEA Worldwide

An institutional investor recently bought a new position in IZEA Worldwide stock. Y Intercept Hong Kong Ltd bought a new position in shares of IZEA Worldwide, Inc. (NASDAQ:IZEA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,688 shares of the company’s stock, valued at approximately $40,000. Y Intercept Hong Kong Ltd owned approximately 0.09% of IZEA Worldwide as of its most recent SEC filing. Hedge funds and other institutional investors own 15.56% of the company’s stock.

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.