Short Interest in Magic Empire Global Limited (NASDAQ:MEGL) Drops By 41.1%

Magic Empire Global Limited (NASDAQ:MEGL) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 241,000 shares, a decrease of 41.1% from the January 15th total of 408,900 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average daily volume of 1,530,000 shares, the short-interest ratio is presently 0.2 days.

Magic Empire Global Trading Up 0.0 %

NASDAQ MEGL traded up $0.00 during trading hours on Thursday, hitting $0.50. 28,815 shares of the company’s stock were exchanged, compared to its average volume of 3,213,092. The stock has a 50-day simple moving average of $0.57 and a 200 day simple moving average of $0.52. Magic Empire Global has a 1-year low of $0.41 and a 1-year high of $1.38.

About Magic Empire Global

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.