IZEA Worldwide, Inc. (NASDAQ:IZEA) Sees Large Increase in Short Interest


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IZEA Worldwide, Inc. (NASDAQ:IZEA) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,240,000 shares, an increase of 138.8% from the December 15th total of 519,200 shares. Based on an average daily volume of 3,780,000 shares, the days-to-cover ratio is presently 0.3 days.

Shares of IZEA traded up $0.20 during mid-day trading on Thursday, hitting $2.79. 38,881 shares of the company’s stock were exchanged, compared to its average volume of 7,110,648. The company has a market cap of $135.20 million, a PE ratio of -7.85 and a beta of 2.73. IZEA Worldwide has a 52 week low of $0.07 and a 52 week high of $3.13. The company has a 50-day simple moving average of $1.40 and a 200 day simple moving average of $1.12. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.26 and a quick ratio of 3.26.

IZEA Worldwide (NASDAQ:IZEA) last issued its quarterly earnings results on Thursday, November 12th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. IZEA Worldwide had a negative net margin of 64.77% and a negative return on equity of 39.78%. The company had revenue of $4.04 million during the quarter. On average, analysts anticipate that IZEA Worldwide will post -0.11 earnings per share for the current year.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of IZEA Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday. LADENBURG THALM/SH SH lowered shares of IZEA Worldwide from a “buy” rating to a “neutral” rating in a research note on Friday, November 13th. Finally, ValuEngine downgraded shares of IZEA Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, December 1st.

About IZEA Worldwide

IZEA Worldwide, Inc creates and operates online marketplaces that connect marketers and content creators. Its technology solutions enable the management of content workflow, creator search and targeting, bidding, analytics, and payment processing. The company engages creator for influencer marketing campaigns, or to create content for the marketers' use and distribution.

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