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

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Global Engine Group in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Global Engine Group currently has an average rating of “Sell”.

Hedge Funds 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 stake in Global Engine Group Holding Limited (NASDAQ:GLE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 SEC filing.

Global Engine Group Price Performance

GLE opened at $0.45 on Friday. The business has a 50 day simple moving average of $0.40 and a 200-day simple 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 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.