ShiftPixy Inc (NASDAQ:PIXY) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 645,730 shares, a drop of 30.2% from the January 15th total of 924,742 shares. Currently, 11.3% of the company’s stock are short sold. Based on an average trading volume of 325,611 shares, the days-to-cover ratio is presently 2.0 days.
PIXY stock opened at $1.63 on Thursday. ShiftPixy has a twelve month low of $1.14 and a twelve month high of $6.35. The company has a market cap of $40.75 million, a price-to-earnings ratio of -2.81 and a beta of 1.15.
ShiftPixy (NASDAQ:PIXY) last released its quarterly earnings data on Friday, January 11th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.11. ShiftPixy had a negative net margin of 39.10% and a negative return on equity of 874.51%. The company had revenue of $10.52 million for the quarter, compared to analysts’ expectations of $12.38 million. Sell-side analysts expect that ShiftPixy will post -0.12 EPS for the current year.
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ShiftPixy Company Profile
ShiftPixy, Inc provides employment services for businesses; and workers in shift or other part-time/temporary positions in the United States. The company also operates as a payroll processor, human resources consultant, and administrator of workers' compensation coverages and claims. It primarily serves restaurant, hospitality, and maintenance service industries.
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