Short Interest in Galaxy Payroll Group Limited (NASDAQ:GLXG) Increases By 129.8%

Galaxy Payroll Group Limited (NASDAQ:GLXG) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 11,452 shares, a growth of 129.8% from the April 30th total of 4,983 shares. Based on an average daily volume of 15,171 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are short sold.

Galaxy Payroll Group Trading Up 1.0%

GLXG stock traded up $0.01 during mid-day trading on Friday, reaching $1.01. 8,157 shares of the stock traded hands, compared to its average volume of 18,710. Galaxy Payroll Group has a one year low of $0.75 and a one year high of $7.81. The business has a 50-day moving average price of $1.63 and a two-hundred day moving average price of $2.12.

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 for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Galaxy Payroll Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

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.