GalaxyEdge Acquisition Corporation (NYSE:GLED) Shares Shorted: Short Interest Down 91.5% in September

GalaxyEdge Acquisition Corporation (NYSE:GLED) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 145 shares, a decline of 91.5% from the August 31st total of 1,713 shares. Based on an average daily trading volume, of 17,370 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on shares of GalaxyEdge Acquisition in a research 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, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

GalaxyEdge Acquisition Stock Performance

NYSE GLED traded down $0.01 during trading on Thursday, reaching $10.02. The company’s stock had a trading volume of 2,696 shares, compared to its average volume of 11,351. The business’s fifty day moving average is $9.99. GalaxyEdge Acquisition has a twelve month low of $9.87 and a twelve month high of $10.06.

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.