ShiftPixy, Inc. (NASDAQ:PIXY) Short Interest Up 805.8% in December

ShiftPixy, Inc. (NASDAQ:PIXY) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 3,500,000 shares, a growth of 805.8% from the December 15th total of 386,400 shares. Based on an average daily volume of 3,682,100 shares, the short-interest ratio is currently 1.0 days.

ShiftPixy stock opened at $1.29 on Friday. The firm has a 50-day moving average price of $0.94 and a two-hundred day moving average price of $1.31. ShiftPixy has a 52-week low of $0.63 and a 52-week high of $4.69.

Institutional investors have recently bought and sold shares of the business. Alpha Paradigm Partners LLC acquired a new position in ShiftPixy during the 2nd quarter valued at about $179,000. State Street Corp acquired a new stake in shares of ShiftPixy in the 2nd quarter worth approximately $222,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of ShiftPixy in the 2nd quarter worth approximately $237,000. Geode Capital Management LLC lifted its stake in shares of ShiftPixy by 233.3% in the 3rd quarter. Geode Capital Management LLC now owns 191,309 shares of the company’s stock worth $212,000 after acquiring an additional 133,908 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of ShiftPixy by 16.7% in the 2nd quarter. Vanguard Group Inc. now owns 257,441 shares of the company’s stock worth $608,000 after acquiring an additional 36,918 shares during the period. 13.80% of the stock is owned by hedge funds and other institutional investors.

About ShiftPixy

ShiftPixy, Inc engages in the provision of human capital services, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens, and better connect with a ready-for-hire workforce.

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