Global Engine Group Holding Limited (NASDAQ:GLE – Get Free Report) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 235,972 shares, a growth of 72.8% from the May 31st total of 136,522 shares. Based on an average daily volume of 15,990,457 shares, the short-interest ratio is currently 0.0 days. Approximately 1.7% of the company’s shares are short sold.
Global Engine Group Trading Down 5.9%
NASDAQ:GLE traded down $0.03 during midday trading on Thursday, reaching $0.44. 17,535 shares of the stock traded hands, compared to its average volume of 3,665,277. The company has a fifty day moving average of $0.44 and a 200 day moving average of $0.41. Global Engine Group has a 12 month low of $0.25 and a 12 month high of $3.89.
Global Engine Group (NASDAQ:GLE – Get Free Report) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $0.45 million for the quarter.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Global Engine Group
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Global Engine Group stock. Jane Street Group LLC acquired a new position in Global Engine Group Holding Limited (NASDAQ:GLE – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm 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.
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.
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