Short Interest in Galaxy Payroll Group Limited (NASDAQ:GLXG) Increases By 92.0%

Galaxy Payroll Group Limited (NASDAQ:GLXG) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 72,076 shares, an increase of 92.0% from the July 15th total of 37,536 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 1,152,572 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Galaxy Payroll Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Galaxy Payroll Group Stock Performance

Shares of NASDAQ GLXG traded down $0.08 during mid-day trading on Friday, reaching $1.06. 130,999 shares of the company were exchanged, compared to its average volume of 874,428. The company’s 50-day simple moving average is $1.25 and its 200-day simple moving average is $1.61. Galaxy Payroll Group has a twelve month low of $0.72 and a twelve month high of $7.59.

Galaxy Payroll Group (NASDAQ:GLXG) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.90 million during the quarter.

About Galaxy Payroll Group

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.