VCI Global Limited (NASDAQ:VCIG) Short Interest Update

VCI Global Limited (NASDAQ:VCIG) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 27,369 shares, a decrease of 41.5% from the August 15th total of 46,762 shares. Based on an average daily volume of 2,069,306 shares, the short-interest ratio is presently 0.0 days. Currently, 2.2% of the company’s stock 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, July 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

VCI Global Stock Performance

VCIG stock traded down $0.01 during midday trading on Wednesday, reaching $1.65. 51,686 shares of the company’s stock traded hands, compared to its average volume of 248,275. The firm’s fifty day moving average price is $7.12 and its 200-day moving average price is $30.35. VCI Global has a 52 week low of $1.61 and a 52 week high of $13,905.00.

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

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.