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

Magic Empire Global Limited (NASDAQ:MEGL) was the recipient of a large decline in short interest in 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. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 308,200 shares, the short-interest ratio is currently 0.3 days.

Magic Empire Global Stock Performance

MEGL stock opened at $0.55 on Friday. Magic Empire Global has a twelve month low of $0.41 and a twelve month high of $1.47. The stock’s 50 day moving average is $0.50 and its 200-day moving average is $0.51.

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.