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

Galaxy Payroll Group Limited (NASDAQ:GLXG – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 255,974 shares, an increase of 1,990.8% from the May 31st total of 12,243 shares. Based on an average daily volume of 16,711,146 shares, the days-to-cover ratio is currently 0.0 days. Approximately 4.3% of the company’s shares are short sold.

Galaxy Payroll Group Trading Down 0.8%

Shares of GLXG stock opened at $1.33 on Friday. The business’s 50 day simple moving average is $1.33 and its 200 day simple moving average is $1.86. Galaxy Payroll Group has a one year low of $0.72 and a one year high of $7.80.

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Galaxy Payroll Group (NASDAQ:GLXG – Get Free Report) last released 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 for the quarter.

Analyst Ratings Changes

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

Read Our Latest Stock Report on Galaxy Payroll Group

Galaxy Payroll Group Company Profile

(Get Free Report)

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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