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

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

Institutional Trading of Global Engine Group

An institutional investor recently bought a new position in Global Engine Group stock. Jane Street Group LLC bought 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 institutional investor bought 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.

Analysts Set New Price Targets

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

Global Engine Group Price Performance

Shares of NASDAQ:GLE traded down $0.05 on Friday, reaching $0.49. 868,153 shares of the company traded hands, compared to its average volume of 9,258,445. Global Engine Group has a fifty-two week low of $0.25 and a fifty-two week high of $3.89. The company’s 50 day moving average is $0.42 and its 200-day moving average is $0.41.

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