GalaxyEdge Acquisition Corporation (NYSE:GLED) Stock Short Interest Declines 82.2%

GalaxyEdge Acquisition Corporation (NYSE:GLED) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 31 shares, a decline of 82.2% from the September 30th total of 174 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 176,670 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

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

GalaxyEdge Acquisition Trading Up 0.1%

GalaxyEdge Acquisition stock traded up $0.01 during mid-day trading on Tuesday, hitting $10.09. The company had a trading volume of 656 shares, compared to its average volume of 105,794. The firm’s fifty day moving average is $10.03. GalaxyEdge Acquisition has a 12-month low of $9.87 and a 12-month high of $10.10.

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.