Short Interest in IZEA Worldwide, Inc. (NASDAQ:IZEA) Expands By 8.6%

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

Institutional Investors Weigh In On IZEA Worldwide

Several hedge funds have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd purchased a new position in IZEA Worldwide during the third quarter worth about $40,000. Renaissance Technologies LLC grew its holdings in IZEA Worldwide by 8.5% in the 2nd quarter. Renaissance Technologies LLC now owns 75,603 shares of the company’s stock valued at $178,000 after buying an additional 5,900 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of IZEA Worldwide by 48.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,741 shares of the company’s stock valued at $37,000 after acquiring an additional 5,140 shares during the last quarter. Institutional investors and hedge funds own 15.56% of the company’s stock.

IZEA Worldwide Stock Performance

Shares of NASDAQ IZEA opened at $2.82 on Tuesday. IZEA Worldwide has a 1 year low of $1.83 and a 1 year high of $3.60. The firm’s 50 day moving average price is $2.73 and its 200 day moving average price is $2.47.

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.