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

Global Engine Group Holding Limited (NASDAQ:GLE) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 157,600 shares, a decrease of 33.3% from the September 30th total of 236,200 shares. Based on an average daily volume of 3,080,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.8% of the shares of the stock are short sold. Currently, 2.8% of the shares of the stock are short sold. Based on an average daily volume of 3,080,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global Engine Group stock. XTX Topco Ltd acquired a new position in shares of Global Engine Group Holding Limited (NASDAQ:GLE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,767 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned about 0.10% of Global Engine Group at the end of the most recent reporting period.

Analyst Ratings Changes

Several research firms have recently commented on GLE. Weiss Ratings reissued a “sell (d)” rating on shares of Global Engine Group in a research note on Tuesday, October 14th. Wall Street Zen cut shares of Global Engine Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Global Engine Group Stock Up 0.1%

GLE stock traded up $0.00 during midday trading on Monday, hitting $0.68. The company’s stock had a trading volume of 566,291 shares, compared to its average volume of 1,405,264. Global Engine Group has a twelve month low of $0.58 and a twelve month high of $5.44. The company’s fifty day moving average price is $0.75 and its 200 day moving average price is $1.44.

About Global Engine Group

Global Engine Group Holding Limited provides integrated solutions in the information communication technologies (ICT), system integration, and other technical consultation service areas in Hong Kong. The company offers ICT solution services, including cloud platform deployment, IT system design, configuration, maintenance, and data center colocation and cloud services; technical services, such as technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and Internet-of-things (IoT) projects; and project management services.