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

Global Engine Group Holding Limited (NASDAQ:GLE) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 70,915 shares, a drop of 40.6% from the February 12th total of 119,477 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 85,634 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 85,634 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s shares are sold short.

Global Engine Group Price Performance

Shares of NASDAQ GLE traded down $0.02 during midday trading on Friday, hitting $0.39. 24,893 shares of the company traded hands, compared to its average volume of 93,889. Global Engine Group has a 12-month low of $0.25 and a 12-month high of $3.89. The stock has a 50-day moving average price of $0.37 and a 200 day moving average price of $0.53.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global Engine Group stock. Jane Street Group LLC bought a new stake in Global Engine Group Holding Limited (NASDAQ:GLE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 50,445 shares of the company’s stock, valued at approximately $77,000. Jane Street Group LLC owned 0.28% of Global Engine Group as of its most recent SEC filing.

Global Engine Group Company Profile

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.