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.
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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