Global Engine Group Holding Limited (NASDAQ:GLE) Short Interest Down 40.6% in February

Global Engine Group Holding Limited (NASDAQ:GLE) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 70,915 shares, a decline of 40.6% from the February 12th total of 119,477 shares. Based on an average daily trading volume, of 85,634 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 85,634 shares, the short-interest ratio is presently 0.8 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Global Engine Group Stock Down 6.0%

GLE stock traded down $0.02 during mid-day trading on Friday, reaching $0.39. 24,893 shares of the company traded hands, compared to its average volume of 93,889. The company has a fifty day moving average price of $0.37 and a 200-day moving average price of $0.53. Global Engine Group has a 52-week low of $0.25 and a 52-week high of $3.89.

Hedge Funds Weigh In On Global Engine Group

An institutional investor recently bought a new position in Global Engine Group stock. Jane Street Group LLC bought a new position in shares of Global Engine Group Holding Limited (NASDAQ:GLE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 50,445 shares of the company’s stock, valued at approximately $77,000. Jane Street Group LLC owned 0.28% of Global Engine Group at the end of the most recent 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.