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

Global Engine Group Holding Limited (NASDAQ:GLE) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 136,522 shares, a decline of 63.6% from the May 14th total of 374,642 shares. Based on an average daily volume of 584,885 shares, the short-interest ratio is presently 0.2 days. Currently, 1.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Global Engine Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 reporting period.

Global Engine Group Price Performance

NASDAQ GLE traded down $0.05 during trading hours on Friday, hitting $0.49. 868,153 shares of the company were exchanged, compared to its average volume of 9,258,445. Global Engine Group has a 52-week low of $0.25 and a 52-week high of $3.89. The company has a 50 day moving average of $0.42 and a two-hundred day moving average of $0.41.

Global Engine Group (NASDAQ:GLE) last issued its earnings results on Tuesday, June 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $0.45 million for the quarter.

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.