Short Interest in Magic Empire Global Limited (NASDAQ:MEGL) Declines By 23.3%

Magic Empire Global Limited (NASDAQ:MEGL) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 34,600 shares, a drop of 23.3% from the March 31st total of 45,100 shares. Based on an average trading volume of 317,400 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the company’s shares are sold short.

Magic Empire Global Stock Performance

Shares of NASDAQ:MEGL traded down 0.05 during trading on Friday, reaching 0.64. 52,600 shares of the company were exchanged, compared to its average volume of 232,790. The business’s fifty day simple moving average is 0.68 and its 200-day simple moving average is 0.83. Magic Empire Global has a 12-month low of 0.56 and a 12-month high of 5.87.

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, financial advisory, post-listing compliance advisory, and underwriting services to corporations.