GalaxyEdge Acquisition Corporation (NYSE:GLED) Sees Large Decrease in Short Interest

GalaxyEdge Acquisition Corporation (NYSE:GLED) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 145 shares, a decrease of 91.5% from the August 31st total of 1,713 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 17,370 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on GalaxyEdge Acquisition in a research note on Tuesday, August 18th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, GalaxyEdge Acquisition has an average rating of “Sell”.

GalaxyEdge Acquisition Trading Up 0.1%

GLED stock traded up $0.01 during trading on Friday, hitting $10.02. The stock had a trading volume of 2,524 shares, compared to its average volume of 51,580. The company has a 50 day moving average price of $9.99. 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.