Short Interest in Galaxy Payroll Group Limited (NASDAQ:GLXG) Drops By 59.1%

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 37,536 shares, a decline of 59.1% from the June 30th total of 91,677 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 57,196 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

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

Galaxy Payroll Group Price Performance

Shares of NASDAQ:GLXG opened at $0.89 on Monday. Galaxy Payroll Group has a 52-week low of $0.72 and a 52-week high of $7.59. The stock has a 50 day moving average price of $1.26 and a 200-day moving average price of $1.71.

Galaxy Payroll Group (NASDAQ:GLXG) last released its earnings results on Wednesday, May 13th. The company reported ($0.04) EPS for the quarter. The firm 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.