Short Interest in Galaxy Payroll Group Limited (NASDAQ:GLXG) Increases By 129.8%

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 11,452 shares, a growth of 129.8% from the April 30th total of 4,983 shares. Based on an average trading volume of 15,171 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Galaxy Payroll Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Galaxy Payroll Group Stock Up 1.0%

Shares of GLXG traded up $0.01 during trading hours on Friday, reaching $1.01. 8,157 shares of the company traded hands, compared to its average volume of 18,710. Galaxy Payroll Group has a 12-month low of $0.75 and a 12-month high of $7.81. The stock’s fifty day moving average price is $1.63 and its 200 day moving average price is $2.12.

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

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.