IZEA Worldwide, Inc. (NASDAQ:IZEA) Short Interest Update

IZEA Worldwide, Inc. (NASDAQ:IZEA) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 37,400 shares, an increase of 50.8% from the June 30th total of 24,800 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 67,700 shares, the days-to-cover ratio is presently 0.6 days.

Insider Activity at IZEA Worldwide

In other news, major shareholder Gp Investments, Ltd. acquired 928,114 shares of IZEA Worldwide stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average price of $3.20 per share, for a total transaction of $2,969,964.80. Following the completion of the transaction, the insider now owns 2,823,706 shares in the company, valued at $9,035,859.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders bought 1,165,951 shares of company stock worth $3,642,133. 7.50% of the stock is owned by insiders.

Institutional Investors Weigh In On IZEA Worldwide

A hedge fund recently raised its stake in IZEA Worldwide stock. Flower City Capital increased its holdings in IZEA Worldwide, Inc. (NASDAQ:IZEA) by 163.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 231,392 shares of the company’s stock after acquiring an additional 143,464 shares during the period. IZEA Worldwide makes up about 0.3% of Flower City Capital’s holdings, making the stock its 17th largest holding. Flower City Capital owned approximately 1.50% of IZEA Worldwide worth $465,000 as of its most recent SEC filing. 15.56% of the stock is currently owned by hedge funds and other institutional investors.

IZEA Worldwide Price Performance

NASDAQ IZEA traded down $0.12 during trading hours on Monday, reaching $2.29. The company’s stock had a trading volume of 22,236 shares, compared to its average volume of 58,716. The firm has a market capitalization of $38.27 million, a price-to-earnings ratio of -4.53 and a beta of 1.61. IZEA Worldwide has a 1-year low of $1.83 and a 1-year high of $3.60. The company’s 50-day moving average is $2.37 and its two-hundred day moving average is $2.32.

IZEA Worldwide (NASDAQ:IZEA) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.20) earnings per share for the quarter. IZEA Worldwide had a negative return on equity of 12.08% and a negative net margin of 22.68%. The business had revenue of $6.95 million during the quarter. Equities analysts forecast that IZEA Worldwide will post -0.27 EPS for the current fiscal year.

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.