Concorde International Group Ltd. (NASDAQ:CIGL – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 243,839 shares, a growth of 165.5% from the September 30th total of 91,844 shares. Based on an average trading volume of 1,581,424 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Concorde International Group in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Concorde International Group presently has an average rating of “Sell”.
Get Our Latest Stock Analysis on Concorde International Group
Concorde International Group Stock Up 4.8%
CIGL stock traded up $0.01 during mid-day trading on Thursday, reaching $0.22. The company had a trading volume of 245,579 shares, compared to its average volume of 1,914,182. The stock has a 50 day simple moving average of $0.36 and a two-hundred day simple moving average of $1.05. Concorde International Group has a 52 week low of $0.20 and a 52 week high of $3.76.
About Concorde International Group
Concorde International Group Limited is an integrated security services providers that combines physical manpower and innovative technology to deliver effective security solutions. In 2014, we were awarded “The Business Model Innovation Award” by the Singapore Manufacturing Federation. In 2015, we were awarded the “Best Innovative Use of Infocomm Technology Award” by the Singapore Infocomm Technology Federation (“SiTF”). In 2016, we were awarded the “Most Innovative Use of Infocomm Technology (Private Sector-SME) Award” by the Infocomm Media Development Authority of Singapore (“IMDA”, formerly known as Infocomm Development Authority) and the SiTF.
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