Galaxy Payroll Group Limited (NASDAQ:GLXG) Sees Large Increase in Short Interest

Galaxy Payroll Group Limited (NASDAQ:GLXG) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 72,076 shares, a growth of 92.0% from the July 15th total of 37,536 shares. Based on an average daily volume of 1,152,572 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.2% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Galaxy Payroll Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Galaxy Payroll Group Stock Down 7.0%

Shares of GLXG traded down $0.08 during midday trading on Friday, reaching $1.06. The stock had a trading volume of 130,999 shares, compared to its average volume of 874,428. Galaxy Payroll Group has a 52 week low of $0.72 and a 52 week high of $7.59. The firm’s 50 day moving average price is $1.25 and its 200-day moving average price is $1.61.

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

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.