VCI Global Limited (NASDAQ:VCIG) Sees Significant Growth in Short Interest

VCI Global Limited (NASDAQ:VCIG) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 161,890 shares, an increase of 5,018.2% from the September 30th total of 3,163 shares. Based on an average daily trading volume, of 14,682,102 shares, the days-to-cover ratio is presently 0.0 days. Approximately 12.7% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of VCI Global in a research note on Friday, October 16th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

VCI Global Price Performance

VCIG traded down $0.01 during midday trading on Monday, hitting $0.24. 291,440 shares of the company were exchanged, compared to its average volume of 1,277,733. The company’s 50 day simple moving average is $1.63 and its 200 day simple moving average is $22.10. VCI Global has a 1-year low of $0.21 and a 1-year high of $3,195.00.

VCI Global (NASDAQ:VCIG) last issued its quarterly earnings data on Friday, October 16th. The company reported ($8.27) earnings per share (EPS) for the quarter. The firm had revenue of $1.28 million during the quarter.

About VCI Global

VCI Global Limited is a diversified consulting and technology company headquartered in Kuala Lumpur, Malaysia. The company provides advisory and professional services to public and private businesses, with activities spanning capital markets, corporate finance, mergers and acquisitions, fundraising, and initial public offerings.

Through its technology-related operations, VCI Global focuses on fintech, artificial intelligence, robotics, and blockchain applications. Its services and solutions are intended to support digital transformation and the development of technology-enabled businesses.