Short Interest in Galaxy Payroll Group Limited (NASDAQ:GLXG) Declines By 49.2%

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 9,257 shares, a decline of 49.2% from the February 26th total of 18,218 shares. Based on an average trading volume of 13,998 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are sold short.

Galaxy Payroll Group Price Performance

Shares of NASDAQ:GLXG traded down $0.14 during trading on Friday, reaching $2.30. The company had a trading volume of 21,777 shares, compared to its average volume of 22,013. Galaxy Payroll Group has a 12 month low of $1.54 and a 12 month high of $16.80. The company has a fifty day moving average of $2.16 and a two-hundred day moving average of $3.10.

Wall Street Analysts Forecast Growth

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