VCI Global Limited (NASDAQ:VCIG) Short Interest Down 41.5% in August

VCI Global Limited (NASDAQ:VCIG – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 27,369 shares, a decline of 41.5% from the August 15th total of 46,762 shares. Based on an average trading volume of 2,069,306 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

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VCI Global Price Performance

Shares of NASDAQ:VCIG traded down $0.12 during trading on Friday, hitting $1.65. 46,312 shares of the stock were exchanged, compared to its average volume of 246,110. VCI Global has a 12-month low of $1.60 and a 12-month high of $9,630.00. The company has a fifty day moving average price of $6.50 and a two-hundred day moving average price of $29.40.

VCI Global (NASDAQ:VCIG – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The company reported ($597.31) EPS for the quarter. The company had revenue of $3.67 million for the quarter.

VCI Global Company Profile

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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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