Global Engine Group Holding Limited (NASDAQ:GLE – Get Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 374,642 shares, a growth of 331.5% from the April 30th total of 86,815 shares. Based on an average daily volume of 21,308,370 shares, the short-interest ratio is presently 0.0 days. Currently, 2.7% of the shares of the stock are sold short.
Global Engine Group Price Performance
NASDAQ:GLE opened at $0.44 on Friday. Global Engine Group has a 12-month low of $0.25 and a 12-month high of $3.89. The firm has a 50-day moving average price of $0.40 and a 200 day moving average price of $0.41.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Global Engine Group in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
Institutional Trading of Global Engine Group
An institutional investor recently bought a new position in Global Engine Group stock. Jane Street Group LLC acquired a new stake in Global Engine Group Holding Limited (NASDAQ:GLE – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent filing with the SEC.
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.
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