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

Magic Empire Global Limited (NASDAQ:MEGL) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 237,800 shares, an increase of 187.2% from the September 30th total of 82,800 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average trading volume of 238,700 shares, the days-to-cover ratio is presently 1.0 days.

Magic Empire Global Trading Down 4.2 %

Magic Empire Global stock opened at 0.48 on Monday. Magic Empire Global has a 52 week low of 0.41 and a 52 week high of 1.47. The stock has a fifty day moving average price of 0.49 and a 200 day moving average price of 0.55.

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.