Galaxy Payroll Group Limited (NASDAQ:GLXG) Sees Large Growth in Short Interest

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded 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.com, the stock has a consensus rating of “Sell”.

Galaxy Payroll Group Price Performance

Shares of NASDAQ:GLXG traded up $0.36 during trading hours on Tuesday, hitting $1.37. The stock had a trading volume of 28,543 shares, compared to its average volume of 17,985. The stock’s fifty day simple moving average is $1.61 and its 200 day simple moving average is $2.08. Galaxy Payroll Group has a 1-year low of $0.75 and a 1-year high of $7.81.

Galaxy Payroll Group (NASDAQ:GLXG) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.04) EPS for the quarter. The business 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.