Short Interest in Izea Worldwide, Inc. (NASDAQ:IZEA) Rises By 294.7%

Key Points

• IZEA Worldwide, Inc. experienced a 294.7% increase in short interest during July, rising to 59,600 shares as of July 31st, with only 0.5% of its shares currently short sold.
• Wall Street analysts upgraded IZEA's stock to a "buy" rating as of August 2nd, reflecting a positive outlook amid recent performance fluctuations.
• In the latest earnings report, IZEA posted $9.13 million in revenue, which was below analysts' expectations of $9.50 million, while reporting an earnings per share of $0.07, exceeding the consensus estimate.

Izea Worldwide, Inc. (NASDAQ:IZEA - Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 59,600 shares, agrowthof294.7% from the July 15th total of 15,100 shares. Currently,0.5% of the company's shares are short sold. Based on an average daily volume of 88,800 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 88,800 shares, the short-interest ratio is presently 0.7 days. Currently,0.5% of the company's shares are short sold.

Izea Worldwide Stock Performance

Shares of IZEA traded down $0.0550 during trading hours on Wednesday, hitting $4.1650. 33,864 shares of the company were exchanged, compared to its average volume of 57,997. The company has a market cap of $70.85 million, a PE ratio of -5.70 and a beta of 1.15. The firm's 50 day moving average is $3.27 and its 200-day moving average is $2.65. Izea Worldwide has a 52 week low of $1.68 and a 52 week high of $4.39.

Izea Worldwide (NASDAQ:IZEA - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $9.13 million during the quarter, compared to the consensus estimate of $9.50 million. Izea Worldwide had a negative return on equity of 19.89% and a negative net margin of 33.38%. As a group, equities analysts forecast that Izea Worldwide will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of Izea Worldwide

An institutional investor recently raised its position in Izea Worldwide stock. Dimensional Fund Advisors LP raised its position in Izea Worldwide, Inc. (NASDAQ:IZEA - Free Report) by 24.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,111 shares of the company's stock after acquiring an additional 8,547 shares during the period. Dimensional Fund Advisors LP owned about 0.26% of Izea Worldwide worth $121,000 as of its most recent SEC filing. Institutional investors own 15.56% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Izea Worldwide to a "buy" rating in a research report on Saturday, August 2nd.

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.