Short Interest in Galaxy Payroll Group Limited (NASDAQ:GLXG) Drops By 59.1%

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 37,536 shares, a decline of 59.1% from the June 30th total of 91,677 shares. Based on an average trading volume of 57,196 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Galaxy Payroll Group Stock Performance

Shares of NASDAQ:GLXG opened at $0.89 on Monday. The stock has a fifty day simple moving average of $1.26 and a two-hundred day simple moving average of $1.71. Galaxy Payroll Group has a 12-month low of $0.72 and a 12-month high of $7.59.

Galaxy Payroll Group (NASDAQ:GLXG) last released its earnings results on Wednesday, May 13th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $0.90 million during 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.