IZEA Worldwide, Inc. (NASDAQ:IZEA) Short Interest Up 8.6% in November

IZEA Worldwide, Inc. (NASDAQ:IZEA) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 40,400 shares, an increase of 8.6% from the October 31st total of 37,200 shares. Based on an average trading volume of 32,300 shares, the short-interest ratio is presently 1.3 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in IZEA Worldwide by 8.5% during the second quarter. Renaissance Technologies LLC now owns 75,603 shares of the company’s stock worth $178,000 after purchasing an additional 5,900 shares in the last quarter. Dimensional Fund Advisors LP raised its position in IZEA Worldwide by 48.5% during the second quarter. Dimensional Fund Advisors LP now owns 15,741 shares of the company’s stock worth $37,000 after acquiring an additional 5,140 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in IZEA Worldwide during the third quarter valued at $40,000. Hedge funds and other institutional investors own 15.56% of the company’s stock.

IZEA Worldwide Trading Down 2.8 %

Shares of IZEA stock opened at $2.74 on Wednesday. IZEA Worldwide has a twelve month low of $1.83 and a twelve month high of $3.60. The stock has a 50 day moving average of $2.73 and a 200 day moving average of $2.47. The stock has a market cap of $46.50 million, a P/E ratio of -2.91 and a beta of 1.57.

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.