Global Engine Group Holding Limited (NASDAQ:GLE) Shares Shorted: Short Interest Down 90.4% in October

Global Engine Group Holding Limited (NASDAQ:GLE) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 14,297 shares, a decline of 90.4% from the September 30th total of 148,758 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 22,097 shares, the short-interest ratio is currently 0.6 days.

Global Engine Group Stock Down 4.4%

Global Engine Group stock traded down $0.12 during midday trading on Monday, hitting $2.61. 15,809 shares of the stock were exchanged, compared to its average volume of 309,132. Global Engine Group has a 52-week low of $2.41 and a 52-week high of $10.90. The business’s 50-day moving average price is $4.64 and its 200-day moving average price is $4.33.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Global Engine Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Global Engine Group

Global Engine Group Holding Limited provides integrated solutions in the information communication technologies (ICT), system integration, and other technical consultation service areas in Hong Kong. The company offers ICT solution services, including cloud platform deployment, IT system design, configuration, maintenance, and data center colocation and cloud services; technical services, such as technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and Internet-of-things (IoT) projects; and project management services.