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

Global Engine Group Holding Limited (NASDAQ:GLE) was the recipient of a large growth in short interest during the month of 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. Approximately 2.7% of the shares of the company are sold short. Based on an average daily trading volume, of 21,308,370 shares, the days-to-cover ratio is presently 0.0 days.

Global Engine Group Stock Down 10.1%

Shares of NASDAQ GLE opened at $0.45 on Friday. The stock has a fifty day moving average price of $0.40 and a 200 day moving average price of $0.41. Global Engine Group has a 1-year low of $0.25 and a 1-year high of $3.89.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Global Engine Group in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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 purchased a new position in shares of Global Engine Group Holding Limited (NASDAQ:GLE) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 50,445 shares of the company’s stock, valued at approximately $77,000. Jane Street Group LLC owned 0.28% of Global Engine Group at the end of the most recent reporting period.

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.