Short Interest in Galaxy Payroll Group Limited (NASDAQ:GLXG) Decreases By 43.6%

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 18,218 shares, a decrease of 43.6% from the February 12th total of 32,309 shares. Based on an average daily volume of 35,513 shares, the short-interest ratio is presently 0.5 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 35,513 shares, the short-interest ratio is presently 0.5 days.

Galaxy Payroll Group Stock Performance

GLXG traded down $0.01 during trading on Friday, hitting $2.02. 16,083 shares of the company’s stock were exchanged, compared to its average volume of 31,244. Galaxy Payroll Group has a fifty-two week low of $1.54 and a fifty-two week high of $16.80. The business’s 50 day moving average is $2.05 and its two-hundred day moving average is $3.25.

Analyst Ratings Changes

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