Magic Empire Global Limited (NASDAQ:MEGL) Short Interest Down 45.6% in November

Magic Empire Global Limited (NASDAQ:MEGL) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 248,200 shares, a drop of 45.6% from the October 31st total of 456,500 shares. Based on an average trading volume of 273,900 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.6% of the company’s stock are short sold.

Magic Empire Global Price Performance

Shares of NASDAQ:MEGL traded up 0.01 during midday trading on Thursday, hitting 0.52. The stock had a trading volume of 27,500 shares, compared to its average volume of 231,701. The business’s 50-day simple moving average is 0.52 and its 200-day simple moving average is 0.53. Magic Empire Global has a 12 month low of 0.41 and a 12 month 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.