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

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

Magic Empire Global Price Performance

Magic Empire Global stock traded down 0.05 during midday trading on Friday, hitting 0.64. The company’s stock had a trading volume of 52,600 shares, compared to its average volume of 232,790. The stock’s 50-day moving average price is 0.68 and its 200-day moving average price 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.