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

ShiftPixy, Inc. (NASDAQ:PIXY) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 248,900 shares, a growth of 45.6% from the August 15th total of 171,000 shares. Currently, 11.9% of the company’s stock are short sold. Based on an average trading volume of 482,100 shares, the days-to-cover ratio is presently 0.5 days.

ShiftPixy Price Performance

NASDAQ:PIXY traded up $0.07 during midday trading on Monday, hitting $1.27. 247,784 shares of the company were exchanged, compared to its average volume of 448,111. ShiftPixy has a fifty-two week low of $0.91 and a fifty-two week high of $49.44. The company has a fifty day simple moving average of $1.31 and a 200 day simple moving average of $1.97.

ShiftPixy (NASDAQ:PIXY) last posted its quarterly earnings data on Tuesday, July 2nd. The company reported ($0.69) EPS for the quarter. The business 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.