Short Interest in Magic Empire Global Limited (NASDAQ:MEGL) Declines By 60.1%

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

Magic Empire Global Trading Up 1.7 %

NASDAQ:MEGL traded up $0.01 during trading hours on Friday, reaching $0.55. The company’s stock had a trading volume of 166,655 shares, compared to its average volume of 229,977. Magic Empire Global has a one year low of $0.41 and a one year high of $1.47. The business’s 50-day moving average is $0.50 and its 200-day moving average is $0.51.

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.