Magic Empire Global Limited (NASDAQ:MEGL) Short Interest Down 45.6% in November

Magic Empire Global Limited (NASDAQ:MEGL) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 248,200 shares, a decline of 45.6% from the October 31st total of 456,500 shares. Based on an average daily volume of 273,900 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.6% of the shares of the company are sold short.

Magic Empire Global Trading Up 1.9 %

Shares of MEGL stock traded up 0.01 during trading on Thursday, hitting 0.52. The company had a trading volume of 27,500 shares, compared to its average volume of 231,701. Magic Empire Global has a one year low of 0.41 and a one year high of 1.47. The stock’s 50-day moving average price is 0.52 and its 200 day moving average price is 0.53.

Magic Empire Global Company Profile

Magic Empire Global Limited engages in the provision of corporate finance advisory services and underwriting services in Hong Kong. The company provides initial public offering sponsorship, financial and independent financial advisory, post-listing compliance advisory, and underwriting services by acting as global coordinator, bookrunner, lead manager, or underwriter.