Galaxy Payroll Group Limited (NASDAQ:GLXG – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 37,133 shares, a decline of 37.5% from the September 30th total of 59,371 shares. Based on an average trading volume of 179,523 shares, the short-interest ratio is presently 0.2 days. Approximately 0.6% of the company’s stock are sold short.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Galaxy Payroll Group in a research note on Friday, September 4th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Read Our Latest Analysis on GLXG
Galaxy Payroll Group Stock Performance
Shares of GLXG traded down $0.03 during trading hours on Monday, hitting $0.61. The stock had a trading volume of 222,430 shares, compared to its average volume of 1,083,103. Galaxy Payroll Group has a 1-year low of $0.53 and a 1-year high of $4.79. The firm has a 50 day simple moving average of $0.98 and a 200-day simple moving average of $1.46.
Galaxy Payroll Group (NASDAQ:GLXG – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $0.94 million during the quarter.
Galaxy Payroll Group Company Profile
Galaxy Payroll Group Limited is a Hong Kong-based provider of payroll outsourcing and human resources services. Through its operating subsidiaries, the company helps businesses manage recurring payroll and employment-related administrative processes.
Its services include payroll calculation and processing, employee payment administration, statutory reporting, and support related to Hong Kong’s Mandatory Provident Fund system. Galaxy Payroll also provides related human resources and administrative assistance designed to help corporate clients manage their workforce and employment obligations.
The company primarily serves businesses in Hong Kong and is listed on the Nasdaq Capital Market under the symbol GLXG.
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