Magic Empire Global Limited (NASDAQ:MEGL) Short Interest Update

Magic Empire Global Limited (NASDAQ:MEGL) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 27,000 shares, a decrease of 25.6% from the March 15th total of 36,300 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average trading volume of 431,100 shares, the days-to-cover ratio is currently 0.1 days.

Magic Empire Global Stock Up 0.8 %

Shares of MEGL stock opened at $1.21 on Friday. The stock’s 50-day moving average price is $1.47 and its 200-day moving average price is $1.93. Magic Empire Global has a 12-month low of $1.02 and a 12-month high of $5.52.

Institutional Investors Weigh In On Magic Empire Global

An institutional investor recently raised its position in Magic Empire Global stock. Renaissance Technologies LLC boosted its stake in shares of Magic Empire Global Limited (NASDAQ:MEGL) by 139.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,828 shares of the company’s stock after acquiring an additional 33,628 shares during the quarter. Renaissance Technologies LLC owned about 0.29% of Magic Empire Global worth $31,000 as of its most recent SEC filing. 0.51% of the stock is owned by institutional investors.

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.