Galaxy Payroll Group Limited (NASDAQ:GLXG) Stock Short Interest Report for October

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 37,133 shares, a drop of 37.5% from the September 30th total of 59,371 shares. Based on an average daily trading volume, of 179,523 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.6% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Galaxy Payroll Group in a report on Friday, September 4th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Galaxy Payroll Group Stock Up 10.0%

NASDAQ:GLXG traded up $0.06 during trading hours on Tuesday, reaching $0.67. 60,093 shares of the stock were exchanged, compared to its average volume of 1,078,275. Galaxy Payroll Group has a twelve month low of $0.53 and a twelve month high of $4.79. The business has a 50-day moving average of $0.97 and a two-hundred day moving average of $1.45.

Galaxy Payroll Group (NASDAQ:GLXG) last issued its quarterly earnings data on Wednesday, October 28th. The company reported ($0.21) earnings per share for the quarter. The firm had revenue of $0.94 million during the quarter.

About Galaxy Payroll Group

Galaxy Payroll Group Limited is a Hong Kong-based provider of payroll outsourcing and human resources services. Through its operating subsidiaries, the company helps businesses manage recurring payroll and employment-related administrative processes.

Its services include payroll calculation and processing, employee payment administration, statutory reporting, and support related to Hong Kong’s Mandatory Provident Fund system. Galaxy Payroll also provides related human resources and administrative assistance designed to help corporate clients manage their workforce and employment obligations.

The company primarily serves businesses in Hong Kong and is listed on the Nasdaq Capital Market under the symbol GLXG.