GalaxyEdge Acquisition Corporation (NYSE:GLED) Short Interest Up 445.5% in August

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

Wall Street Analysts Forecast Growth

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

GalaxyEdge Acquisition Price Performance

Shares of GLED traded down $0.01 during midday trading on Friday, hitting $10.01. The stock had a trading volume of 3,477 shares, compared to its average volume of 57,138. GalaxyEdge Acquisition has a fifty-two week low of $9.87 and a fifty-two week high of $10.06. The stock’s 50-day moving average price is $9.98.

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.