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

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

IZEA Worldwide Price Performance

Shares of IZEA remained flat at $2.24 during midday trading on Friday. The stock had a trading volume of 10,291 shares, compared to its average volume of 43,476. The business has a 50-day moving average price of $2.49 and a 200-day moving average price of $2.57. IZEA Worldwide has a 1 year low of $1.95 and a 1 year high of $3.60. The firm has a market capitalization of $38.01 million, a P/E ratio of -2.38 and a beta of 1.55.

Hedge Funds Weigh In On IZEA Worldwide

An institutional investor recently bought a new position in IZEA Worldwide stock. Y Intercept Hong Kong Ltd acquired a new position in IZEA Worldwide, Inc. (NASDAQ:IZEA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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 at the end of the most recent quarter. 15.56% of the stock is currently owned by institutional investors and hedge funds.

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.