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

Galaxy Payroll Group Limited (NASDAQ:GLXGGet Free Report) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 7,403 shares, a decrease of 63.9% from the March 31st total of 20,534 shares. Based on an average daily trading volume, of 15,167 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Galaxy Payroll Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Get Our Latest Analysis on GLXG

Galaxy Payroll Group Trading Down 9.2%

Shares of Galaxy Payroll Group stock traded down $0.17 during trading hours on Friday, reaching $1.67. 7,076 shares of the company’s stock were exchanged, compared to its average volume of 14,705. Galaxy Payroll Group has a 52-week low of $1.54 and a 52-week high of $7.81. The company has a fifty day moving average of $2.19 and a 200-day moving average of $2.64.

About Galaxy Payroll Group

(Get Free Report)

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.

Further Reading

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