ShiftPixy, Inc. (NASDAQ:PIXY) Short Interest Update

ShiftPixy, Inc. (NASDAQ:PIXY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 586,700 shares, a growth of 1,230.4% from the February 29th total of 44,100 shares. Based on an average daily volume of 554,200 shares, the short-interest ratio is presently 1.1 days.

ShiftPixy Stock Performance

ShiftPixy stock traded down $0.27 during midday trading on Friday, hitting $2.64. 750,924 shares of the company were exchanged, compared to its average volume of 1,865,321. The company’s fifty day moving average price is $4.36 and its 200-day moving average price is $6.45. ShiftPixy has a fifty-two week low of $2.57 and a fifty-two week high of $115.09.

ShiftPixy (NASDAQ:PIXY) last announced its earnings results on Monday, January 22nd. The company reported ($25.13) earnings per share (EPS) for the quarter. The business had revenue of $3.77 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in ShiftPixy during the 2nd quarter worth $43,000. CIBC Asset Management Inc acquired a new position in ShiftPixy during the first quarter valued at $46,000. Susquehanna International Group LLP acquired a new position in ShiftPixy in the 1st quarter worth about $52,000. BlackRock Inc. increased its position in ShiftPixy by 542.3% in the 3rd quarter. BlackRock Inc. now owns 6,699 shares of the company’s stock worth $92,000 after purchasing an additional 5,656 shares during the last quarter. Finally, Geode Capital Management LLC acquired a new position in ShiftPixy in the 4th quarter worth about $259,000. 1.49% of the stock is currently owned by institutional investors.

About ShiftPixy

ShiftPixy, Inc, together with its subsidiaries, provides staffing solutions in the United States. It offers employment administrative services, such as payroll processing, human resources consulting, and workers' compensation administration and coverage. The company operates human resources information systems platform to assist in client acquisition for the onboarding of new clients into the company's closed proprietary operating and processing information system.