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

Galaxy Payroll Group Limited (NASDAQ:GLXG) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 91,677 shares, a drop 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 presently 0.2 days. Approximately 1.5% of the company’s shares are sold short.

Analysts Set New Price Targets

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

Galaxy Payroll Group Stock Performance

Shares of NASDAQ:GLXG opened at $1.46 on Monday. Galaxy Payroll Group has a 52-week low of $0.72 and a 52-week high of $7.59. The business’s 50 day simple moving average is $1.25 and its two-hundred day simple moving average is $1.76.

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.

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.