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

VCI Global Limited (NASDAQ:VCIGGet Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 46,762 shares, a decrease of 52.1% from the July 30th total of 97,720 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average trading volume of 1,200,752 shares, the short-interest ratio is presently 0.0 days.

VCI Global Stock Down 9.0%

Shares of VCIG stock traded down $0.20 during mid-day trading on Monday, hitting $2.03. The stock had a trading volume of 80,042 shares, compared to its average volume of 260,387. VCI Global has a fifty-two week low of $1.97 and a fifty-two week high of $22,906.80. The company’s 50-day simple moving average is $18.43 and its 200-day simple moving average is $56.01.

VCI Global (NASDAQ:VCIGGet Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The company reported ($597.31) earnings per share (EPS) for the quarter. The firm had revenue of $3.67 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of VCI Global in a research note on Monday, July 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, VCI Global currently has an average rating of “Sell”.

Read Our Latest Stock Analysis on VCIG

Institutional Investors Weigh In On VCI Global

An institutional investor recently bought a new stake in VCI Global stock. Jane Street Group LLC bought a new position in shares of VCI Global Limited (NASDAQ:VCIGFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned approximately 0.78% of VCI Global as of its most recent filing with the SEC. 0.20% of the stock is owned by institutional investors and hedge funds.

VCI Global Company Profile

(Get Free Report)

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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