Short Interest in Galaxy Payroll Group Limited (NASDAQ:GLXG) Drops By 43.6%

Galaxy Payroll Group Limited (NASDAQ:GLXG) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 18,218 shares, a decline of 43.6% from the February 12th total of 32,309 shares. Based on an average trading volume of 35,513 shares, the short-interest ratio is presently 0.5 days. Approximately 0.8% of the shares of the company are sold short. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 35,513 shares, the short-interest ratio is presently 0.5 days.

Galaxy Payroll Group Stock Performance

NASDAQ GLXG traded down $0.01 during trading hours on Friday, hitting $2.02. 16,083 shares of the company’s stock traded hands, compared to its average volume of 31,244. Galaxy Payroll Group has a 52 week low of $1.54 and a 52 week high of $16.80. The business’s fifty day moving average price is $2.05 and its two-hundred day moving average price is $3.25.

Analyst Ratings Changes

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

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.