VCI Global Limited (NASDAQ:VCIG – Get Free Report) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 30,512 shares, a decline of 79.0% from the June 15th total of 145,436 shares. Based on an average trading volume of 85,133 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.5% of the shares of the company are sold short.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (d)” rating on shares of VCI Global in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, VCI Global presently has an average rating of “Sell”.
Read Our Latest Report on VCIG
Institutional Investors Weigh In On VCI Global
VCI Global Stock Up 2.3%
Shares of VCI Global stock traded up $0.05 on Friday, reaching $2.24. 49,525 shares of the company were exchanged, compared to its average volume of 77,317. VCI Global has a 1-year low of $0.71 and a 1-year high of $2,421.00. The company’s 50-day moving average is $3.39 and its two-hundred day moving average is $12.92.
About VCI Global
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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