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

Magic Empire Global Limited (NASDAQ:MEGL) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 34,900 shares, a drop of 85.5% from the January 31st total of 241,000 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 450,100 shares, the short-interest ratio is presently 0.1 days.

Magic Empire Global Trading Down 6.3 %

Shares of NASDAQ:MEGL opened at $1.56 on Friday. Magic Empire Global has a fifty-two week low of $1.50 and a fifty-two week high of $5.52. The company’s 50-day moving average price is $2.22 and its 200 day moving average price is $2.06.

Institutional Investors Weigh In On Magic Empire Global

A hedge fund recently raised its stake in Magic Empire Global stock. Renaissance Technologies LLC raised its holdings in shares of Magic Empire Global Limited (NASDAQ:MEGL) by 139.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,828 shares of the company’s stock after acquiring an additional 33,628 shares during the period. Renaissance Technologies LLC owned approximately 0.29% of Magic Empire Global worth $31,000 as of its most recent SEC filing. 0.51% of the stock is currently owned by institutional investors and hedge funds.

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.