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

ShiftPixy, Inc. (NASDAQ:PIXY) was the recipient 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 currently 1.1 days.

Hedge Funds Weigh In On ShiftPixy

Several institutional investors have recently modified their holdings of PIXY. Vanguard Group Inc. grew its holdings in shares of ShiftPixy by 201.2% in the first quarter. Vanguard Group Inc. now owns 841,558 shares of the company’s stock valued at $656,000 after acquiring an additional 562,134 shares in the last quarter. Virtu Financial LLC bought a new position in ShiftPixy during the second quarter valued at $43,000. BlackRock Inc. grew its holdings in ShiftPixy by 542.3% during the third quarter. BlackRock Inc. now owns 6,699 shares of the company’s stock valued at $92,000 after purchasing an additional 5,656 shares during the period. Geode Capital Management LLC bought a new position in ShiftPixy during the fourth quarter valued at $259,000. Finally, CIBC Asset Management Inc bought a new position in ShiftPixy during the first quarter valued at $46,000. 1.49% of the stock is owned by institutional investors.

ShiftPixy Price Performance

Shares of PIXY opened at $2.91 on Thursday. The stock has a 50 day moving average price of $4.43 and a two-hundred day moving average price of $6.47. ShiftPixy has a 52 week low of $2.70 and a 52 week high of $115.09.

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

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.