GalaxyEdge Acquisition Corporation (NYSE:GLED) Sees Significant Drop in Short Interest

GalaxyEdge Acquisition Corporation (NYSE:GLED) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 2,640 shares, a decline of 42.0% from the June 15th total of 4,555 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 4,371 shares, the short-interest ratio is currently 0.6 days.

GalaxyEdge Acquisition Stock Performance

Shares of GLED traded down $0.01 during mid-day trading on Friday, hitting $9.96. 534 shares of the company were exchanged, compared to its average volume of 95,233. GalaxyEdge Acquisition has a 1-year low of $9.87 and a 1-year high of $10.00.

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.