IZEA Worldwide, Inc. (NASDAQ:IZEA) saw a sharp decline in short-term interest in January. As of January 31, there was short interest totaling 1,490,000 shares, down 16.3% from the total of 1,780,000 shares as of January 15. Currently, 2.5% of the stock’s shares are sold short. Based on an average daily trading volume of 857,300 shares, the short-term interest rate ratio is currently 1.7 days.
NASDAQ:IZEA shares were down $0.03 on Friday, hitting $1.12. 18,092 shares of the company were traded, against an average volume of 514,502. IZEA Worldwide has a 1-year low of $0.91 and a 1-year high of $5.58. The stock’s 50-day moving average price is $1.26 and its 200-day moving average price is $1.77.
Separately, Zacks Investment Research downgraded IZEA Worldwide shares from a “buy” rating to a “hold” rating in a Wednesday, January 12 report.
Several hedge funds have recently increased or reduced their stake in IZEA. Deutsche Bank AG bought a new stake in IZEA Worldwide during the 2nd quarter for a value of approximately $251,000. BlackRock Inc. increased its stake in IZEA Worldwide by 17.4% in the 2nd quarter. BlackRock Inc. now owns 984,295 shares of the company valued at $2,510,000 after acquiring an additional 146,034 shares in the last quarter. Vanguard Group Inc. increased its holdings of IZEA Worldwide shares by 18.8% during the second quarter. Vanguard Group Inc. now owns 2,687,768 shares of the company worth $6,854,000 after purchasing an additional 425,760 shares last quarter. Geode Capital Management LLC increased its position in IZEA Worldwide shares by 13.4% in the second quarter. Geode Capital Management LLC now owns 471,511 shares of the company worth $1,202,000 after acquiring an additional 55,691 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new position in IZEA Worldwide during the second quarter worth approximately $187,000. 12.44% of the shares are held by institutional investors and hedge funds.
About IZEA worldwide
IZEA Worldwide, Inc is engaged in the creation and operation of online marketplaces that connect marketers with content creators under the IZEAx platform. It automates influencer marketing and personalized content development, allowing brands and agencies to tailor their marketing programs. The company was founded by Edward Hans Murphy in February 2006 and is based in Orlando, Florida.
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