GalaxyEdge Acquisition Corporation (NYSE:GLED) Sees Significant Decline in Short Interest

GalaxyEdge Acquisition Corporation (NYSE:GLED) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 374 shares, a decline of 87.2% from the July 15th total of 2,930 shares. Based on an average daily volume of 8,336 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

GalaxyEdge Acquisition Stock Performance

Shares of GLED remained flat at $9.96 during mid-day trading on Wednesday. 4,966 shares of the stock were exchanged, compared to its average volume of 73,138. The firm has a 50-day moving average price of $9.95. GalaxyEdge Acquisition has a twelve month low of $9.87 and a twelve month high of $10.00.

About GalaxyEdge Acquisition

GalaxyEdge Acquisition Corp is a newly organized blank check company. The company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.