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

GalaxyEdge Acquisition Corporation (NYSE:GLED) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 31 shares, a drop of 82.2% from the September 30th total of 174 shares. Based on an average trading volume of 176,670 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

GalaxyEdge Acquisition Trading Up 0.3%

Shares of GLED stock traded up $0.03 during trading hours on Thursday, reaching $10.10. 233 shares of the company’s stock were exchanged, compared to its average volume of 105,794. GalaxyEdge Acquisition has a fifty-two week low of $9.87 and a fifty-two week high of $10.10. The business’s 50 day moving average price is $10.04.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on GalaxyEdge Acquisition in a research note 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 stock presently has a consensus rating of “Sell”.

GalaxyEdge Acquisition Company Profile

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.