Global Engine Group Holding Limited (NASDAQ:GLE) Short Interest Update

Global Engine Group Holding Limited (NASDAQ:GLE) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 119,477 shares, an increase of 167.6% from the January 29th total of 44,647 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 328,483 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 328,483 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.9% of the shares of the stock are sold short.

Global Engine Group Stock Performance

GLE stock opened at $0.41 on Friday. The company has a 50 day moving average price of $0.38 and a 200 day moving average price of $0.56. Global Engine Group has a fifty-two week low of $0.25 and a fifty-two week high of $3.89.

Global Engine Group (NASDAQ:GLE) last announced its quarterly earnings data on Tuesday, October 21st. The company reported ($0.13) EPS for the quarter. The business had revenue of $0.24 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Global Engine Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Global Engine Group presently has a consensus rating of “Sell”.

Institutional Trading of Global Engine Group

A hedge fund recently bought a new stake in Global Engine Group stock. Jane Street Group LLC acquired a new position in shares of Global Engine Group Holding Limited (NASDAQ:GLE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 50,445 shares of the company’s stock, valued at approximately $77,000. Jane Street Group LLC owned about 0.28% of Global Engine Group at the end of the most recent quarter.

About Global Engine Group

Global Engine Group, Inc operates as a specialty distributor in the automotive aftermarket, offering a comprehensive range of new and remanufactured engine blocks, cylinder heads, transmission cases and related components. Through its two principal subsidiaries, MAM Distributors and Brenner Distributing, the company supplies replacement powertrain parts to independent repair shops, national service chains and regional distributors across North America. By centralizing procurement, remanufacturing and distribution processes, Global Engine Group aims to provide consistent quality and rapid fulfillment to its customers.

The company was formed through the combination of Brenner Distributing, known for its remanufacturing capabilities, and MAM Distributors, a large-scale parts distributor.