Galaxy Payroll Group Limited (NASDAQ:GLXG) Sees Significant Drop in Short Interest

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 32,309 shares, a decline of 46.7% from the January 29th total of 60,657 shares. Based on an average daily volume of 51,957 shares, the short-interest ratio is presently 0.6 days. Approximately 1.5% of the shares of the company are sold short. Approximately 1.5% of the shares of the company are sold short. Based on an average daily volume of 51,957 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

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

Galaxy Payroll Group Stock Performance

Shares of GLXG opened at $2.42 on Monday. Galaxy Payroll Group has a 12 month low of $1.54 and a 12 month high of $16.80. The stock has a fifty day moving average price of $2.02 and a 200 day moving average price of $3.45.

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.