Global Engine Group Holding Limited (NASDAQ:GLE) Stock Short Interest Falls 90.4%

Global Engine Group Holding Limited (NASDAQ:GLE) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 14,297 shares, a decrease of 90.4% from the September 30th total of 148,758 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 22,097 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

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

Global Engine Group Stock Down 5.9%

Shares of NASDAQ:GLE traded down $0.15 on Tuesday, reaching $2.46. 11,620 shares of the company traded hands, compared to its average volume of 307,684. The business’s 50-day simple moving average is $4.59 and its 200 day simple moving average is $4.15. Global Engine Group has a 52 week low of $2.41 and a 52 week high of $10.90.

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.