Magic Empire Global Limited (NASDAQ:MEGL) Short Interest Down 60.1% in December

Magic Empire Global Limited (NASDAQ:MEGL) was the target 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. Currently, 1.0% of the shares of the company are short sold. 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 traded up $0.01 during midday trading 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 twelve month low of $0.41 and a twelve month high of $1.47. The company has a fifty day simple moving average of $0.50 and a 200 day simple moving average of $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.