Galaxy Payroll Group Limited (NASDAQ:GLXG) Sees Significant Increase in Short Interest

Galaxy Payroll Group Limited (NASDAQ:GLXG) saw a significant increase in short interest in 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. Approximately 4.3% of the company’s shares are sold short. Based on an average daily volume of 16,711,146 shares, the days-to-cover ratio is presently 0.0 days.

Galaxy Payroll Group Stock Performance

NASDAQ GLXG traded up $0.03 during trading on Thursday, hitting $1.34. The stock had a trading volume of 96,641 shares, compared to its average volume of 9,642,160. The firm has a 50 day moving average price of $1.33 and a 200 day moving average price of $1.86. Galaxy Payroll Group has a twelve month low of $0.72 and a twelve month high of $7.80.

Galaxy Payroll Group (NASDAQ:GLXG) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.90 million for the quarter.

Analyst Ratings Changes

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