VCI Global Limited (NASDAQ:VCIG) Sees Large Drop in Short Interest

VCI Global Limited (NASDAQ:VCIG) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 46,762 shares, a drop of 52.1% from the July 30th total of 97,720 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average trading volume of 1,200,752 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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

VCI Global Price Performance

Shares of NASDAQ VCIG opened at $2.23 on Friday. The firm has a fifty day moving average of $18.43 and a 200 day moving average of $58.05. VCI Global has a one year low of $2.18 and a one year high of $22,906.80.

VCI Global (NASDAQ:VCIG) last posted its quarterly earnings data on Tuesday, July 14th. The company reported ($597.31) earnings per share (EPS) for the quarter. The business had revenue of $3.67 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VCI Global stock. Jane Street Group LLC acquired a new position in VCI Global Limited (NASDAQ:VCIG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned about 0.78% of VCI Global at the end of the most recent quarter. 0.20% of the stock is owned by institutional investors.

VCI Global Company Profile

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.