ShiftPixy Inc (NASDAQ:PIXY) Short Interest Update

ShiftPixy Inc (NASDAQ:PIXY) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 290,900 shares, a decrease of 26.1% from the June 30th total of 393,600 shares. Based on an average trading volume of 244,500 shares, the days-to-cover ratio is currently 1.2 days. Currently, 5.0% of the shares of the stock are sold short.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. increased its stake in ShiftPixy by 612.7% in the second quarter. Wedbush Securities Inc. now owns 92,650 shares of the company’s stock valued at $45,000 after acquiring an additional 79,650 shares during the last quarter. Balter Liquid Alternatives LLC bought a new position in shares of ShiftPixy during the second quarter valued at about $143,000. Finally, Granite Investment Partners LLC grew its stake in shares of ShiftPixy by 275.7% during the first quarter. Granite Investment Partners LLC now owns 1,340,274 shares of the company’s stock valued at $1,809,000 after buying an additional 983,488 shares during the last quarter. 4.43% of the stock is currently owned by institutional investors and hedge funds.

PIXY traded down $0.01 during trading on Monday, reaching $0.44. The stock had a trading volume of 32,600 shares, compared to its average volume of 341,256. The stock has a market capitalization of $15.78 million, a PE ratio of -0.76 and a beta of 1.54. ShiftPixy has a one year low of $0.27 and a one year high of $4.69. The firm’s 50-day moving average is $0.54.

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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