Short Interest in Magic Empire Global Limited (NASDAQ:MEGL) Declines By 25.6%

Magic Empire Global Limited (NASDAQ:MEGL) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 27,000 shares, a decline of 25.6% from the March 15th total of 36,300 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 431,100 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Magic Empire Global

An institutional investor recently raised its position in Magic Empire Global stock. Renaissance Technologies LLC lifted its stake in Magic Empire Global Limited (NASDAQ:MEGL) by 139.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,828 shares of the company’s stock after purchasing an additional 33,628 shares during the period. Renaissance Technologies LLC owned about 0.29% of Magic Empire Global worth $31,000 at the end of the most recent quarter. 0.51% of the stock is owned by institutional investors.

Magic Empire Global Trading Up 0.8 %

Shares of MEGL traded up $0.01 during mid-day trading on Friday, reaching $1.21. 14,259 shares of the company’s stock traded hands, compared to its average volume of 402,280. Magic Empire Global has a 12 month low of $1.02 and a 12 month high of $5.52. The stock’s 50-day moving average is $1.47 and its two-hundred day moving average is $1.92.

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.