Global Engine Group Holding Limited (NASDAQ:GLE) Shares Shorted: Short Interest Down 90.4% in October

Global Engine Group Holding Limited (NASDAQ:GLE) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 14,297 shares, a decline of 90.4% from the September 30th total of 148,758 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 22,097 shares, the days-to-cover ratio is presently 0.6 days.

Global Engine Group Stock Performance

Global Engine Group stock traded down $0.12 during midday trading on Monday, reaching $2.61. The stock had a trading volume of 15,809 shares, compared to its average volume of 309,132. Global Engine Group has a 12 month low of $2.41 and a 12 month high of $10.90. The company has a fifty day moving average price of $4.64 and a two-hundred day moving average price of $4.33.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Global Engine Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Global Engine Group Company Profile

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.