Magic Empire Global Limited (NASDAQ:MEGL) Short Interest Update

Magic Empire Global Limited (NASDAQ:MEGL) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 93,900 shares, a decline of 60.1% from the November 30th total of 235,200 shares. Based on an average daily trading volume, of 308,200 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.0% of the company’s shares are short sold.

Magic Empire Global Stock Performance

Magic Empire Global stock opened at $0.55 on Friday. The stock’s 50 day moving average price is $0.50 and its two-hundred day moving average price is $0.51. Magic Empire Global has a 52-week low of $0.41 and a 52-week high of $1.47.

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.