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

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

Wall Street Analyst Weigh In

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

GalaxyEdge Acquisition Price Performance

Shares of NYSE GLED traded down $0.01 during mid-day trading on Friday, reaching $10.01. The company had a trading volume of 3,477 shares, compared to its average volume of 57,138. The business has a fifty day simple moving average of $9.98. GalaxyEdge Acquisition has a 12-month low of $9.87 and a 12-month 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.