Short Interest in Concorde International Group Ltd. (NASDAQ:CIGL) Drops By 47.5%

Concorde International Group Ltd. (NASDAQ:CIGL) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 92,201 shares, a drop of 47.5% from the August 15th total of 175,724 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 83,187 shares, the short-interest ratio is currently 1.1 days.

Concorde International Group Price Performance

NASDAQ:CIGL opened at $0.43 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average price of $0.49 and a 200-day moving average price of $0.98. Concorde International Group has a 1-year low of $0.36 and a 1-year high of $5.45.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Concorde International Group in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Concorde International Group

Concorde International Group Limited (NASDAQ:CIGL) is a corporate services provider operating primarily in Hong Kong. Through its subsidiaries, the company offers business-support services to companies and other organizations.

Its service portfolio includes accounting, tax compliance and advisory work, corporate secretarial services, and related business consulting. These services are designed to help clients establish and maintain corporate structures, meet regulatory and reporting requirements, and manage routine administrative needs.

Concorde International Group is organized as an international holding company, with its business activities focused on serving clients in Hong Kong.