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

GalaxyEdge Acquisition Corporation (NYSE:GLED) was the recipient of a large drop in short interest in 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 176,670 shares, the days-to-cover ratio is currently 0.0 days.

GalaxyEdge Acquisition Trading Up 0.1%

Shares of NYSE:GLED traded up $0.01 on Tuesday, hitting $10.09. 656 shares of the company were exchanged, compared to its average volume of 105,794. GalaxyEdge Acquisition has a 1-year low of $9.87 and a 1-year high of $10.10. The stock has a 50 day moving average price of $10.03.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began 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. According to data from MarketBeat, the company 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.