Mega Fortune Company Limited (NASDAQ:MGRT) Short Interest Update

Mega Fortune Company Limited (NASDAQ:MGRT) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 51,774 shares, a growth of 41.7% from the March 31st total of 36,543 shares. Based on an average daily trading volume, of 343,319 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

Mega Fortune Trading Down 2.2%

Shares of NASDAQ MGRT traded down $2.97 during trading on Thursday, reaching $133.00. The company had a trading volume of 26,978 shares, compared to its average volume of 93,272. The company’s fifty day moving average price is $41.88 and its 200-day moving average price is $18.66. Mega Fortune has a 12 month low of $1.50 and a 12 month high of $170.00.

Mega Fortune (NASDAQ:MGRT) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.04 EPS for the quarter.

About Mega Fortune

We are a holding company incorporated as an exempted company with limited liability in the Cayman Islands. Our ordinary shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through our operating subsidiary in Hong Kong. We own 100% equity interest of all our subsidiaries and do not have a variable interest entity, or VIE, structure. We are an Internet of Things (“IoT”) solution provider in Hong Kong.