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

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 60,657 shares, a growth of 516.4% from the January 15th total of 9,840 shares. Based on an average trading volume of 465,177 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.8% of the shares of the company are sold short. Currently, 2.8% of the shares of the company are sold short. Based on an average trading volume of 465,177 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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, the stock presently has a consensus rating of “Sell”.

Galaxy Payroll Group Trading Up 16.9%

Shares of GLXG traded up $0.33 during mid-day trading on Thursday, reaching $2.25. The company’s stock had a trading volume of 148,526 shares, compared to its average volume of 260,654. The company’s fifty day moving average price is $2.08 and its two-hundred day moving average price is $3.74. Galaxy Payroll Group has a 52 week low of $1.54 and a 52 week high of $16.80.

Galaxy Payroll Group (NASDAQ:GLXG) last released its quarterly earnings data on Friday, October 24th. The company reported $2.30 EPS for the quarter. The company had revenue of $0.86 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.