Galaxy Payroll Group Limited (NASDAQ:GLXG) Short Interest Up 129.8% in May

Galaxy Payroll Group Limited (NASDAQ:GLXG) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 11,452 shares, an increase of 129.8% from the April 30th total of 4,983 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 15,171 shares, the days-to-cover ratio is currently 0.8 days.

Galaxy Payroll Group Stock Performance

Shares of Galaxy Payroll Group stock traded up $0.15 during trading hours on Monday, hitting $1.16. The company’s stock had a trading volume of 28,543 shares, compared to its average volume of 69,863. Galaxy Payroll Group has a twelve month low of $0.75 and a twelve month high of $7.81. The firm has a fifty day moving average of $1.63 and a 200-day moving average of $2.10.

Galaxy Payroll Group (NASDAQ:GLXG) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.90 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Galaxy Payroll Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Galaxy Payroll Group Company Profile

Galaxy Payroll Group, Inc (NASDAQ: GLXG) is a provider of payroll and human capital management services designed for small and mid-sized businesses in the United States. Utilizing a combination of proprietary technology and dedicated payroll professionals, the company delivers solutions aimed at streamlining payroll operations, mitigating compliance risk and reducing administrative workload for its clients.

The company’s service offerings encompass cloud-based payroll processing, automated tax filing and reporting, garnishment administration, and comprehensive compliance management.