Short Interest in Izea Worldwide, Inc. (NASDAQ:IZEA) Decreases By 61.9%

Key Points

• Short interest in Izea Worldwide, Inc. has decreased by 61.9% in September, dropping from 63,800 shares to 24,300 shares, which reflects a current short-interest ratio of 0.3 days.
• Wall Street analysts have upgraded Izea's rating from "hold" to "buy," indicating positive expectations for the company's stock performance.
• Izea Worldwide reported earnings of $0.07 per share for the last quarter, exceeding analysts' estimates, although it had a negative net margin of 33.38% and revenue below expectations.

Izea Worldwide, Inc. (NASDAQ:IZEA - Get Free Report) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 24,300 shares, a decline of 61.9% from the August 31st total of 63,800 shares. Based on an average daily volume of 96,600 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company's stock are sold short. Currently, 0.2% of the company's stock are sold short. Based on an average daily volume of 96,600 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Izea Worldwide from a "hold" rating to a "buy" rating in a report on Saturday, September 13th.

Izea Worldwide Stock Performance

IZEA stock traded up $0.29 during mid-day trading on Thursday, reaching $3.91. The company had a trading volume of 63,798 shares, compared to its average volume of 64,002. Izea Worldwide has a fifty-two week low of $1.68 and a fifty-two week high of $4.39. The company has a market capitalization of $66.51 million, a price-to-earnings ratio of -5.36 and a beta of 1.24. The firm has a fifty day simple moving average of $3.84 and a 200 day simple moving average of $2.94.

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 analysts' consensus estimates of $0.02 by $0.05. Izea Worldwide had a negative return on equity of 19.89% and a negative net margin of 33.38%.The firm had revenue of $9.13 million for the quarter, compared to the consensus estimate of $9.50 million. As a group, analysts predict that Izea Worldwide will post -0.53 earnings per share for the current year.

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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