Magic Empire Global (MEGL) Short Interest Ratio & Short Volume

Short interest is the volume of Magic Empire Global shares that have been sold short but have not yet been covered or closed out. As of May 31st, investors have sold 36,300 shares of MEGL short. 2.54% of Magic Empire Global's shares are currently sold short. Learn More on Magic Empire Global's current short interest.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 2.54% of Magic Empire Global's floating shares are currently sold short.

Magic Empire Global saw a drop in short interest in the month of May. As of May 31st, there was short interest totaling 36,300 shares, a drop of 68.1% from the previous total of 113,700 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Magic Empire Global currently has issued a total of 4,064,000 shares. Some of Magic Empire Global's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Magic Empire Global currently has a public float of 1,430,000 shares.

2.54% of Magic Empire Global's shares are currently sold short. Here is how the short interest of companies in the industry of "banking" compare to Magic Empire Global: 9F Inc. (0.45%), Glen Burnie Bancorp (0.11%), Mill City Ventures III, Ltd. (4.93%), Mawson Infrastructure Group Inc. (1.30%), LM Funding America, Inc. (1.23%), Senmiao Technology Limited (0.49%), Soluna Holdings, Inc. (8.80%), SHF Holdings, Inc. (3.05%), Carver Bancorp, Inc. (0.30%), Netcapital Inc. (4.46%),

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($64.96 billion), Invesco QQQ ($27.88 billion), iShares Russell 2000 ETF ($19.94 billion), iShares 20+ Year Treasury Bond ETF ($9.69 billion), Strategy Incorporated ($8.58 billion), SPDR S&P Biotech ETF ($5.72 billion), Invesco S&P 500 Equal Weight ETF ($5.45 billion), iShares iBoxx $ Investment Grade Corporate Bond ETF ($4.70 billion), Charter Communications, Inc. ($4.54 billion), and Industrial Select Sector SPDR Fund ($4.49 billion). View all of the most shorted stocks.

Short selling MEGL is an investing strategy that aims to generate trading profit from Magic Empire Global as its price is falling. MEGL shares are trading down $0.08 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Magic Empire Global occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of MEGL, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MEGL, twice per month. The most recent reporting period available is May, 31 2025.