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

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 11,766 shares, a decrease of 77.0% from the December 15th total of 51,162 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 34,346 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 34,346 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the company’s stock are short sold.

Galaxy Payroll Group Stock Up 0.7%

Galaxy Payroll Group stock traded up $0.01 during trading hours on Wednesday, hitting $1.66. 4,988 shares of the company traded hands, compared to its average volume of 8,376. The firm’s 50-day simple moving average is $2.72 and its two-hundred day simple moving average is $4.40. Galaxy Payroll Group has a 1-year low of $1.54 and a 1-year high of $16.80.

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

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Galaxy Payroll Group presently 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.