IZEA WORLDWIDE, INC. (NASDAQ:IZEA) Sees Significant Increase in Short Interest

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 during 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. Based on an average daily volume of 88,800 shares, the days-to-cover ratio is currently 0.7 days. Currently,0.5% of the shares of the company are short sold. Currently,0.5% of the shares of the company are short sold. Based on an average daily volume of 88,800 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of IZEA WORLDWIDE to a "buy" rating in a report on Saturday, August 2nd.

IZEA WORLDWIDE Stock Up 9.1%

Shares of IZEA opened at $3.95 on Friday. The company has a 50-day simple moving average of $3.19 and a 200-day simple moving average of $2.62. The company has a market capitalization of $67.19 million, a PE ratio of -5.41 and a beta of 1.15. IZEA WORLDWIDE has a 52-week low of $1.68 and a 52-week high of $4.20.

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. IZEA WORLDWIDE had a negative net margin of 33.38% and a negative return on equity of 19.89%. The company had revenue of $9.13 million for the quarter, compared to analysts' expectations of $9.50 million. On average, research analysts anticipate that IZEA WORLDWIDE will post -0.53 EPS for the current year.

Institutional Trading of IZEA WORLDWIDE

An institutional investor recently raised its position in IZEA WORLDWIDE stock. Dimensional Fund Advisors LP lifted its stake in shares of IZEA WORLDWIDE, INC. (NASDAQ:IZEA - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,111 shares of the company's stock after purchasing an additional 8,547 shares during the quarter. Dimensional Fund Advisors LP owned about 0.26% of IZEA WORLDWIDE worth $121,000 at the end of the most recent reporting period. 15.56% of the stock is currently owned by institutional investors.

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.

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