Short Interest in Magic Empire Global Limited (NASDAQ:MEGL) Decreases By 14.0%

Posted by Caroline Horne on Mar 17th, 2026

Magic Empire Global Limited (NASDAQ:MEGL – Get Free Report) was the target of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 57,716 shares, a decrease of 14.0% from the February 12th total of 67,098 shares. Based on an average daily volume of 7,327 shares, the days-to-cover ratio is presently 7.9 days. Approximately 3.8% of the shares of the stock are sold short. Approximately 3.8% of the shares of the stock are sold short. Based on an average daily volume of 7,327 shares, the days-to-cover ratio is presently 7.9 days.

Institutional Trading of Magic Empire Global

A hedge fund recently bought a new stake in Magic Empire Global stock. Virtu Financial LLC purchased a new position in Magic Empire Global Limited (NASDAQ:MEGL – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 21,731 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned approximately 0.53% of Magic Empire Global as of its most recent SEC filing. 0.51% of the stock is owned by institutional investors and hedge funds.

Magic Empire Global Price Performance

Shares of Magic Empire Global stock remained flat at $1.07 on Tuesday. 7,255 shares of the stock traded hands, compared to its average volume of 24,868. Magic Empire Global has a 52-week low of $0.87 and a 52-week high of $2.62. The company’s 50 day moving average price is $1.09 and its 200-day moving average price is $1.28.

Magic Empire Global Company Profile

(Get Free Report)

Magic Empire Global Ltd (NASDAQ: MEGL) is a technology-driven company that specializes in the design, manufacturing and distribution of smart hardware and entertainment solutions. Its core offerings include virtual reality (VR) and augmented reality (AR) gaming systems tailored for theme parks, family entertainment centers, museums and esports venues. The company also develops high-end ergonomic computer desks and chairs equipped with integrated connectivity features, targeting both home users and business customers.

Through its vertically integrated model, Magic Empire Global oversees product design, in-house manufacturing and global logistics from its facilities in Guangdong province.