IZEA Worldwide, Inc. (NASDAQ:IZEA) Short Interest Update

IZEA Worldwide, Inc. (NASDAQ:IZEA) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 95,600 shares, a decline of 14.3% from the March 15th total of 111,500 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 55,000 shares, the short-interest ratio is presently 1.7 days.

IZEA Worldwide Stock Up 6.2 %

Shares of NASDAQ IZEA opened at $2.56 on Tuesday. IZEA Worldwide has a twelve month low of $1.83 and a twelve month high of $3.28. The stock’s 50 day moving average price is $2.11 and its 200-day moving average price is $2.17. The company has a market capitalization of $39.55 million, a PE ratio of -5.69 and a beta of 1.82.

Hedge Funds Weigh In On IZEA Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the business. Flower City Capital lifted its stake in IZEA Worldwide by 163.2% in the fourth quarter. Flower City Capital now owns 231,392 shares of the company’s stock valued at $465,000 after purchasing an additional 143,464 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in IZEA Worldwide in the third quarter valued at approximately $55,000. Citigroup Inc. purchased a new position in IZEA Worldwide in the first quarter valued at approximately $108,000. Renaissance Technologies LLC lifted its stake in IZEA Worldwide by 54.9% in the third quarter. Renaissance Technologies LLC now owns 108,100 shares of the company’s stock valued at $77,000 after purchasing an additional 38,300 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in IZEA Worldwide by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 600,931 shares of the company’s stock valued at $1,208,000 after purchasing an additional 19,899 shares during the last quarter. Hedge funds and other institutional investors own 15.56% of the company’s stock.

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.