GalaxyEdge Acquisition Corporation (NYSE:GLED – Get Free Report) 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 company’s stock are sold short. Based on an average daily volume of 17,370 shares, the days-to-cover ratio is presently 0.0 days.
GalaxyEdge Acquisition Price Performance
GLED traded down $0.01 on Thursday, reaching $10.02. The company had a trading volume of 2,696 shares, compared to its average volume of 11,351. GalaxyEdge Acquisition has a 1 year low of $9.87 and a 1 year high of $10.06. The stock’s 50-day simple moving average is $9.99.
Analyst Ratings Changes
Separately, Weiss Ratings initiated coverage on shares of 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, GalaxyEdge Acquisition currently has an average rating of “Sell”.
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.
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