GalaxyEdge Acquisition Corporation (NYSE:GLED) Sees Large Increase in Short Interest

GalaxyEdge Acquisition Corporation (NYSE:GLED) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,713 shares, an increase 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 trading volume of 7,403 shares, the short-interest ratio is presently 0.2 days.

GalaxyEdge Acquisition Stock Performance

NYSE:GLED traded up $0.01 during trading hours on Friday, reaching $10.02. 6,316 shares of the company’s stock were exchanged, compared to its average volume of 11,755. GalaxyEdge Acquisition has a 12 month low of $9.87 and a 12 month high of $10.06. The stock has a 50-day moving average price of $9.98.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on shares of GalaxyEdge Acquisition in a research 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.com, GalaxyEdge Acquisition presently 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.