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

Global Engine Group Holding Limited (NASDAQ:GLE) was the target of a large increase in short interest in 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. Based on an average daily volume of 431,732 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 431,732 shares, the days-to-cover ratio is presently 0.2 days.

Global Engine Group Price Performance

Shares of GLE stock traded down $0.00 during trading hours on Monday, reaching $0.38. 23,721 shares of the company’s stock were exchanged, compared to its average volume of 277,873. The stock’s fifty day moving average price is $0.44 and its two-hundred day moving average price 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 released its earnings results on Tuesday, October 21st. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $0.24 million for the quarter.

Institutional Investors Weigh In On Global Engine Group

A hedge fund recently bought a new stake in Global Engine Group stock. Jane Street Group LLC purchased a new position in shares of Global Engine Group Holding Limited (NASDAQ:GLE) during the 2nd quarter, according to its most recent disclosure with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analysts Forecast Growth

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

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.