GalaxyEdge Acquisition Corporation (NYSE:GLED) Short Interest Up 445.5% in August

GalaxyEdge Acquisition Corporation (NYSE:GLED) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,713 shares, a growth of 445.5% from the August 15th total of 314 shares. Based on an average trading volume of 7,403 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on shares of GalaxyEdge Acquisition in a report on Tuesday, August 18th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

GalaxyEdge Acquisition Price Performance

NYSE GLED traded up $0.01 during trading on Friday, reaching $10.02. 6,316 shares of the company’s stock were exchanged, compared to its average volume of 11,755. The stock has a 50 day simple moving average of $9.98. GalaxyEdge Acquisition has a 1 year low of $9.87 and a 1 year high of $10.06.

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.