Magic Empire Global Limited (NASDAQ:MEGL) Short Interest Up 31.9% in March

Magic Empire Global Limited (NASDAQ:MEGL) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 45,100 shares, a growth of 31.9% from the March 15th total of 34,200 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 285,700 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Magic Empire Global

Several large investors have recently added to or reduced their stakes in MEGL. UBS Group AG bought a new stake in Magic Empire Global during the third quarter valued at $75,000. Renaissance Technologies LLC bought a new stake in Magic Empire Global during the fourth quarter valued at $63,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Magic Empire Global during the fourth quarter valued at $39,000. Institutional investors own 0.51% of the company’s stock.

Magic Empire Global Price Performance

Shares of Magic Empire Global stock traded down 0.05 during trading hours on Monday, reaching 0.63. The company had a trading volume of 199,200 shares, compared to its average volume of 317,050. Magic Empire Global has a one year low of 0.61 and a one year high of 5.87. The business has a fifty day simple moving average of 0.72 and a 200 day simple moving average of 0.86.

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, financial advisory, post-listing compliance advisory, and underwriting services to corporations.