Izea Worldwide, Inc. (NASDAQ:IZEA) Short Interest Down 33.8% in December

Izea Worldwide, Inc. (NASDAQ:IZEA) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 91,988 shares, a drop of 33.8% from the November 30th total of 139,005 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 69,339 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 69,339 shares, the short-interest ratio is currently 1.3 days. Approximately 0.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On Izea Worldwide

A number of hedge funds have recently modified their holdings of IZEA. Ground Swell Capital LLC acquired a new stake in shares of Izea Worldwide during the third quarter worth $43,000. Stonebridge Wealth Management LLC acquired a new position in shares of Izea Worldwide in the 3rd quarter valued at $52,000. Finally, Cove Street Capital LLC increased its stake in Izea Worldwide by 2.7% in the 3rd quarter. Cove Street Capital LLC now owns 181,860 shares of the company’s stock worth $677,000 after purchasing an additional 4,776 shares in the last quarter. 15.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Izea Worldwide in a report on Wednesday, October 8th. Wall Street Zen cut Izea Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Izea Worldwide Stock Performance

Shares of IZEA traded down $0.05 during mid-day trading on Monday, hitting $4.44. The company’s stock had a trading volume of 59,512 shares, compared to its average volume of 56,597. The firm has a 50-day moving average price of $4.95 and a 200 day moving average price of $4.12. Izea Worldwide has a fifty-two week low of $1.68 and a fifty-two week high of $5.86.

Izea Worldwide (NASDAQ:IZEA) last released its earnings results on Wednesday, November 12th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). The business had revenue of $8.04 million for the quarter, compared to analyst estimates of $10.00 million. Izea Worldwide had a negative net margin of 9.43% and a negative return on equity of 2.06%. Equities research analysts anticipate that Izea Worldwide will post -0.53 EPS for the current fiscal year.

Izea Worldwide Company Profile

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.