Galaxy Payroll Group Limited (NASDAQ:GLXG) Short Interest Update

Galaxy Payroll Group Limited (NASDAQ:GLXGGet Free Report) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 11,766 shares, a drop of 77.0% from the December 15th total of 51,162 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 34,346 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 34,346 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the shares of the stock are sold short.

Galaxy Payroll Group Stock Performance

Shares of GLXG stock traded up $0.01 during mid-day trading on Tuesday, hitting $1.77. 5,836 shares of the stock were exchanged, compared to its average volume of 8,754. The stock’s fifty day simple moving average is $2.76 and its two-hundred day simple moving average is $4.42. Galaxy Payroll Group has a 12-month low of $1.54 and a 12-month high of $16.80.

Galaxy Payroll Group (NASDAQ:GLXGGet Free Report) last released its earnings results on Friday, October 24th. The company reported $2.30 earnings per share (EPS) for the quarter. The company had revenue of $0.86 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Galaxy Payroll Group in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Check Out Our Latest Analysis on Galaxy Payroll Group

Galaxy Payroll Group Company Profile

(Get Free Report)

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.

Further Reading

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