Izea Worldwide, Inc. (NASDAQ:IZEA) Short Interest Up 70.6% in August

Izea Worldwide, Inc. (NASDAQ:IZEA) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 105,264 shares, an increase of 70.6% from the August 15th total of 61,688 shares. Based on an average daily volume of 63,903 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.6% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

IZEA has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Izea Worldwide in a research note on Monday, August 31st. Wall Street Zen upgraded shares of Izea Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Izea Worldwide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in Izea Worldwide by 59.8% during the 1st quarter. Renaissance Technologies LLC now owns 147,740 shares of the company’s stock worth $519,000 after buying an additional 55,300 shares in the last quarter. ARS Investment Partners LLC increased its position in shares of Izea Worldwide by 9.6% in the first quarter. ARS Investment Partners LLC now owns 117,129 shares of the company’s stock valued at $411,000 after acquiring an additional 10,288 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Izea Worldwide by 733.2% in the second quarter. NewEdge Advisors LLC now owns 37,051 shares of the company’s stock valued at $137,000 after acquiring an additional 32,604 shares during the last quarter. Finally, Diversify Wealth Management LLC bought a new stake in Izea Worldwide during the first quarter worth about $97,000. 15.56% of the stock is currently owned by institutional investors and hedge funds.

Izea Worldwide Stock Performance

Izea Worldwide stock traded down $0.01 during midday trading on Wednesday, reaching $2.66. The stock had a trading volume of 71,798 shares, compared to its average volume of 60,202. The stock has a market capitalization of $46.33 million, a P/E ratio of -19.00 and a beta of 1.22. The firm’s fifty day simple moving average is $3.24 and its 200-day simple moving average is $3.60. Izea Worldwide has a 1-year low of $2.61 and a 1-year high of $5.86.

Izea Worldwide (NASDAQ:IZEA) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $5.81 million for the quarter, compared to analyst estimates of $8.00 million. Izea Worldwide had a negative return on equity of 5.10% and a negative net margin of 9.36%.

About Izea Worldwide

IZEA Worldwide, Inc is a technology-driven marketing services company that operates a global digital marketplace connecting brands, agencies and media companies with content creators and influencers. The company’s platform enables clients to plan, execute and measure content marketing and social media campaigns across blogs, social networks, video channels and other digital outlets. Through both self-service tools and managed service engagements, IZEA provides end-to-end solutions for influencer marketing, sponsored content creation and content distribution.

Key offerings include campaign management software, content licensing and rights management, influencer discovery and analytics, and performance reporting.