Magic Empire Global Limited (NASDAQ:MEGL) Sees Large Drop in Short Interest

Magic Empire Global Limited (NASDAQ:MEGLGet Free Report) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 25,000 shares, a decrease of 57.4% from the January 15th total of 58,700 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 393,100 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UBS Group AG bought a new position in Magic Empire Global in the 3rd quarter valued at $75,000. Schonfeld Strategic Advisors LLC grew its stake in Magic Empire Global by 46.4% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 44,200 shares of the company’s stock valued at $67,000 after purchasing an additional 14,000 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Magic Empire Global during the 4th quarter valued at approximately $63,000. Institutional investors own 0.51% of the company’s stock.

Magic Empire Global Trading Up 3.3 %

MEGL stock traded up 0.03 during trading on Monday, reaching 0.83. The stock had a trading volume of 817,800 shares, compared to its average volume of 536,379. Magic Empire Global has a one year low of 0.72 and a one year high of 5.87. The company’s 50 day moving average is 0.91 and its two-hundred day moving average is 1.05.

About Magic Empire Global

(Get Free Report)

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.

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