Galaxy Payroll Group Limited (NASDAQ:GLXG) Short Interest Up 156.9% in December

Galaxy Payroll Group Limited (NASDAQ:GLXG) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 51,162 shares, a growth of 156.9% from the November 30th total of 19,912 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average trading volume of 575,659 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 575,659 shares, the short-interest ratio is presently 0.1 days. Approximately 2.4% of the company’s shares are sold short.

Galaxy Payroll Group Stock Down 5.3%

Shares of GLXG stock traded down $0.11 during trading hours on Friday, hitting $1.96. 12,962 shares of the company were exchanged, compared to its average volume of 351,588. Galaxy Payroll Group has a 52 week low of $1.72 and a 52 week high of $21.60. The business has a 50 day moving average of $3.31 and a two-hundred day moving average of $4.69.

Galaxy Payroll Group (NASDAQ:GLXG) last released its quarterly earnings results on Friday, October 24th. The company reported $2.30 earnings per share for the quarter. The firm had revenue of $0.86 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Galaxy Payroll Group in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

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.