Global Engine Group Holding Limited (NASDAQ:GLE) Short Interest Up 32.0% in December

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Global Engine Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Global Engine Group Stock Performance

Shares of GLE opened at $0.38 on Friday. The company’s fifty day simple moving average is $0.44 and its 200 day simple moving average is $0.89. Global Engine Group has a 1-year low of $0.32 and a 1-year high of $3.89.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global Engine Group stock. Jane Street Group LLC bought a new position in shares of Global Engine Group Holding Limited (NASDAQ:GLE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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 at the end of the most recent quarter.

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.