Galaxy Payroll Group Limited (NASDAQ:GLXG) Short Interest Down 49.2% in March

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 9,257 shares, a decrease of 49.2% from the February 26th total of 18,218 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,998 shares, the days-to-cover ratio is currently 0.7 days.

Galaxy Payroll Group Stock Down 7.2%

Shares of GLXG traded down $0.18 during trading hours on Thursday, hitting $2.26. The company had a trading volume of 18,246 shares, compared to its average volume of 109,768. Galaxy Payroll Group has a 52-week low of $1.54 and a 52-week high of $16.80. The stock’s 50 day moving average price is $2.15 and its 200 day moving average price is $3.12.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Galaxy Payroll Group in a research note on Monday, December 29th. 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 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.