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

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

Wall Street Analysts Forecast Growth

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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Galaxy Payroll Group Price Performance

Shares of GLXG traded down $0.08 during mid-day trading on Monday, hitting $0.98. 88,381 shares of the company’s stock were exchanged, compared to its average volume of 1,421,805. Galaxy Payroll Group has a 52 week low of $0.72 and a 52 week high of $7.59. The company has a 50-day simple moving average of $1.25 and a 200 day simple moving average of $1.61.

About Galaxy Payroll Group

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.