Short Interest in Galaxy Payroll Group Limited (NASDAQ:GLXG) Rises By 156.9%

Galaxy Payroll Group Limited (NASDAQ:GLXG) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 51,162 shares, an increase of 156.9% from the November 30th total of 19,912 shares. Based on an average daily trading volume, of 575,659 shares, the short-interest ratio is presently 0.1 days. Approximately 2.4% of the shares of the company are short sold. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 575,659 shares, the short-interest ratio is presently 0.1 days.

Galaxy Payroll Group Price Performance

NASDAQ:GLXG traded down $0.06 during midday trading on Friday, hitting $2.01. 9,855 shares of the stock were exchanged, compared to its average volume of 187,452. Galaxy Payroll Group has a one year low of $1.72 and a one year high of $21.60. The business has a 50-day moving average price of $3.36 and a two-hundred day moving average price of $4.72.

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

Analyst Upgrades and Downgrades

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