Global Engine Group Holding Limited (NASDAQ:GLE) Short Interest Up 331.5% in May

Global Engine Group Holding Limited (NASDAQ:GLE) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 374,642 shares, a growth of 331.5% from the April 30th total of 86,815 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average trading volume of 21,308,370 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Global Engine Group in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Global Engine Group Trading Down 3.1%

Shares of Global Engine Group stock traded down $0.01 during trading hours on Friday, reaching $0.44. The stock had a trading volume of 312,357 shares, compared to its average volume of 12,186,317. The stock’s 50 day moving average is $0.40 and its 200 day moving average is $0.41. Global Engine Group has a twelve month low of $0.25 and a twelve month high of $3.89.

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.