Global Engine Group Holding Limited (NASDAQ:GLE) Sees Large Growth in Short Interest

Global Engine Group Holding Limited (NASDAQ:GLE) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 119,477 shares, an increase of 167.6% from the January 29th total of 44,647 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 328,483 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 328,483 shares, the short-interest ratio is currently 0.4 days. Currently, 0.9% of the shares of the company are sold short.

Global Engine Group Stock Up 0.6%

NASDAQ:GLE opened at $0.41 on Friday. The firm’s 50 day moving average is $0.38 and its 200 day moving average is $0.55. Global Engine Group has a 12 month low of $0.25 and a 12 month high of $3.89.

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 Global Engine Group Holding Limited (NASDAQ:GLE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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, Global Engine Group 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.