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

Izea Worldwide, Inc. (NASDAQ:IZEA) saw a large increase in short interest in the month of 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 short-interest ratio is presently 1.6 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Trading of Izea Worldwide

A number of large investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake 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 during the period. ARS Investment Partners LLC grew its stake in 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 period. NewEdge Advisors LLC increased its holdings 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 worth $137,000 after acquiring an additional 32,604 shares in the last quarter. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Izea Worldwide during the first quarter worth about $97,000. Institutional investors own 15.56% of the company’s stock.

Izea Worldwide Trading Down 0.4%

Shares of NASDAQ:IZEA traded down $0.01 during mid-day 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 firm has a 50 day simple moving average of $3.24 and a two-hundred day simple moving average of $3.60. Izea Worldwide has a twelve month low of $2.61 and a twelve month high of $5.86. The firm has a market cap of $46.33 million, a PE ratio of -19.00 and a beta of 1.22.

Izea Worldwide (NASDAQ:IZEA) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.04) earnings per share (EPS) 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 net margin of 9.36% and a negative return on equity of 5.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Izea Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Izea Worldwide in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.