ShiftPixy, Inc. (NASDAQ:PIXY) Sees Large Increase in Short Interest

ShiftPixy, Inc. (NASDAQ:PIXY) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 248,900 shares, an increase of 45.6% from the August 15th total of 171,000 shares. Approximately 11.9% of the company’s stock are sold short. Based on an average daily volume of 482,100 shares, the short-interest ratio is currently 0.5 days.

ShiftPixy Price Performance

Shares of ShiftPixy stock traded up $0.07 during trading on Monday, hitting $1.27. 247,784 shares of the stock were exchanged, compared to its average volume of 448,111. The firm’s 50-day moving average price is $1.31 and its 200 day moving average price is $1.97. ShiftPixy has a 12-month low of $0.91 and a 12-month high of $49.44.

ShiftPixy (NASDAQ:PIXY) last announced its quarterly earnings results on Tuesday, July 2nd. The company reported ($0.69) EPS for the quarter. The company had revenue of $4.13 million for 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.