Short Interest in Galaxy Payroll Group Limited (NASDAQ:GLXG) Expands By 516.4%

Galaxy Payroll Group Limited (NASDAQ:GLXG) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 60,657 shares, a growth of 516.4% from the January 15th total of 9,840 shares. Currently, 2.8% of the company’s stock are sold short. Based on an average trading volume of 465,177 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 465,177 shares, the short-interest ratio is presently 0.1 days. Currently, 2.8% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Galaxy Payroll Group Trading Up 1.1%

GLXG stock traded up $0.02 on Tuesday, hitting $1.77. The company had a trading volume of 10,848 shares, compared to its average volume of 259,584. Galaxy Payroll Group has a 12-month low of $1.54 and a 12-month high of $16.80. The stock’s 50-day simple moving average is $2.13 and its 200 day simple moving average is $3.77.

Galaxy Payroll Group (NASDAQ:GLXG) last released its quarterly earnings results on Friday, October 24th. The company reported $2.30 earnings per share for the quarter. The firm had revenue of $0.86 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.