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

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 20,534 shares, a growth of 121.8% from the March 15th total of 9,257 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 29,412 shares, the days-to-cover ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Galaxy Payroll Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Galaxy Payroll Group Stock Down 3.3%

GLXG stock traded down $0.07 during midday trading on Monday, hitting $2.06. The stock had a trading volume of 1,493 shares, compared to its average volume of 95,406. Galaxy Payroll Group has a 52 week low of $1.54 and a 52 week high of $7.80. The stock has a 50-day simple moving average of $2.19 and a 200 day simple moving average of $2.80.

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.