Galaxy Payroll Group Limited (NASDAQ:GLXG) Short Interest Down 64.2% in June

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 91,677 shares, a decline of 64.2% from the June 15th total of 255,974 shares. Based on an average trading volume of 458,317 shares, the short-interest ratio is currently 0.2 days. Currently, 1.5% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Galaxy Payroll Group Price Performance

Shares of GLXG stock opened at $1.46 on Monday. Galaxy Payroll Group has a 1-year low of $0.72 and a 1-year high of $7.59. The stock has a 50-day moving average of $1.25 and a 200-day moving average of $1.76.

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

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.