VCI Global Limited (NASDAQ:VCIG – Get Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 989,757 shares, a growth of 457.8% from the May 14th total of 177,440 shares. Based on an average daily volume of 16,660,581 shares, the short-interest ratio is currently 0.1 days. Approximately 48.3% of the shares of the company are sold short.
Institutional Investors Weigh In On VCI Global
An institutional investor recently bought a new position in VCI Global stock. Jane Street Group LLC purchased a new position in shares of VCI Global Limited (NASDAQ:VCIG – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned approximately 0.78% of VCI Global at the end of the most recent reporting period. 0.20% of the stock is currently owned by hedge funds and other institutional investors.
VCI Global Trading Up 34.8%
Shares of VCIG opened at $6.04 on Wednesday. VCI Global has a 52-week low of $0.71 and a 52-week high of $6,047.64. The company has a 50-day simple moving average of $2.26 and a 200-day simple moving average of $21.30.
Analyst Ratings Changes
Check Out Our Latest Analysis on VCIG
VCI Global Company Profile
VCI Global, Inc (NASDAQ: VCIG) is a provider of outsourced receivables management and credit risk mitigation solutions for corporations, financial institutions and government agencies. The company offers end-to-end account administration services designed to streamline the order-to-cash cycle, helping clients improve cash flow, reduce days sales outstanding and mitigate credit risk across domestic and international markets.
VCI Global’s suite of services encompasses credit application processing, account setup, credit file creation, early-stage reconciliation and disputes management, cash application, and first- and third-party collections.
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