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

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 37,536 shares, a drop of 59.1% from the June 30th total of 91,677 shares. Based on an average trading volume of 57,196 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Galaxy Payroll Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Galaxy Payroll Group presently has a consensus rating of “Sell”.

Galaxy Payroll Group Price Performance

NASDAQ:GLXG traded up $0.02 during trading hours on Wednesday, hitting $0.99. 28,378 shares of the company’s stock traded hands, compared to its average volume of 1,504,941. Galaxy Payroll Group has a 52 week low of $0.72 and a 52 week high of $7.59. The business’s fifty day simple moving average is $1.26 and its two-hundred day simple moving average is $1.69.

Galaxy Payroll Group (NASDAQ:GLXG) last announced its earnings results on Wednesday, May 13th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.90 million during the quarter.

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.