Galaxy Payroll Group Limited (NASDAQ:GLXG) Sees Large Decline in Short Interest

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 32,309 shares, a decline of 46.7% from the January 29th total of 60,657 shares. Based on an average daily volume of 51,957 shares, the short-interest ratio is currently 0.6 days. Approximately 1.5% of the company’s shares are short sold. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 51,957 shares, the short-interest ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Galaxy Payroll Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Galaxy Payroll Group Trading Up 2.5%

NASDAQ GLXG traded up $0.06 during trading hours on Friday, hitting $2.42. The company’s stock had a trading volume of 9,042 shares, compared to its average volume of 44,680. The stock has a fifty day moving average of $2.02 and a 200 day moving average of $3.46. Galaxy Payroll Group has a twelve month low of $1.54 and a twelve month high of $16.80.

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.