Short Interest in Galaxy Payroll Group Limited (NASDAQ:GLXG) Expands By 1,990.8%

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

Galaxy Payroll Group Stock Performance

GLXG traded down $0.04 during trading on Friday, hitting $1.30. 57,361 shares of the company’s stock were exchanged, compared to its average volume of 9,646,359. The business’s 50 day moving average is $1.32 and its two-hundred day moving average is $1.86. Galaxy Payroll Group has a fifty-two week low of $0.72 and a fifty-two week high of $7.80.

Galaxy Payroll Group (NASDAQ:GLXG) last issued its quarterly earnings data 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 Upgrades and Downgrades

Separately, Weiss Ratings cut shares of 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, Based on data from MarketBeat, Galaxy Payroll Group currently 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.