Galaxy Payroll Group Limited (NASDAQ:GLXG) Short Interest Up 92.0% in July

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the recipient of a large 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 shares are sold short. Based on an average daily volume of 1,152,572 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

Galaxy Payroll Group Stock Down 7.3%

Shares of NASDAQ GLXG opened at $0.98 on Tuesday. Galaxy Payroll Group has a 1-year low of $0.72 and a 1-year high of $7.59. The business has a 50-day moving average of $1.24 and a 200-day moving average of $1.60.

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.