Short Interest in Global Engine Group Holding Limited (NASDAQ:GLE) Expands By 32.0%

Global Engine Group Holding Limited (NASDAQ:GLE) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 101,431 shares, an increase of 32.0% from the December 15th total of 76,846 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 431,732 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 431,732 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the company’s shares are sold short.

Analyst Ratings Changes

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

Global Engine Group Price Performance

Shares of GLE stock opened at $0.38 on Friday. Global Engine Group has a 12-month low of $0.32 and a 12-month high of $3.89. The firm has a fifty day moving average of $0.44 and a 200-day moving average of $0.89.

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

Institutional Investors Weigh In On Global Engine Group

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) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 50,445 shares of the company’s stock, valued at approximately $77,000. Jane Street Group LLC owned approximately 0.28% of Global Engine Group as of its most recent filing with the Securities and Exchange Commission.

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.