Galaxy Payroll Group Limited (NASDAQ:GLXG) Short Interest Down 59.1% in July

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

Galaxy Payroll Group Stock Up 2.8%

GLXG traded up $0.03 on Tuesday, hitting $0.96. 41,673 shares of the company traded hands, compared to its average volume of 1,515,201. Galaxy Payroll Group has a 12-month low of $0.72 and a 12-month high of $7.59. The company has a 50 day moving average of $1.26 and a 200-day moving average of $1.70.

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Galaxy Payroll Group (NASDAQ:GLXG – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.90 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Galaxy Payroll Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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About Galaxy Payroll Group

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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.

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