VCI Global Limited (NASDAQ:VCIG) Short Interest Update

VCI Global Limited (NASDAQ:VCIG) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 97,720 shares, an increase of 99.3% from the July 15th total of 49,022 shares. Currently, 4.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,109,672 shares, the short-interest ratio is presently 0.0 days.

VCI Global Trading Down 1.0%

NASDAQ VCIG opened at $0.26 on Tuesday. The firm’s 50 day simple moving average is $2.10 and its 200 day simple moving average is $5.39. VCI Global has a 1 year low of $0.24 and a 1 year high of $2,124.00.

VCI Global (NASDAQ:VCIG) last issued its earnings results on Tuesday, July 14th. The company reported ($231.51) EPS for the quarter. The business had revenue of $3.67 million during the quarter.

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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, VCI Global presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On VCI Global

A hedge fund recently bought a new position in VCI Global stock. Jane Street Group LLC bought a new stake in shares of VCI Global Limited (NASDAQ:VCIG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned 0.78% of VCI Global as of its most recent SEC filing. 0.20% of the stock is currently owned by hedge funds and other institutional investors.

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.