Short Interest in VCI Global Limited (NASDAQ:VCIG) Expands By 99.3%

VCI Global Limited (NASDAQ:VCIG) was the recipient of a large increase in short interest during 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 sold short. Based on an average trading volume of 5,109,672 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

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

VCI Global Stock Performance

NASDAQ:VCIG opened at $0.26 on Monday. VCI Global has a 12-month low of $0.25 and a 12-month high of $2,124.00. The company’s 50-day moving average is $2.18 and its two-hundred day moving average is $5.61.

VCI Global (NASDAQ:VCIG) last posted its quarterly earnings data on Tuesday, July 14th. The company reported ($231.51) earnings per share for the quarter. The firm had revenue of $3.67 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in VCI Global stock. Jane Street Group LLC acquired a new position in shares of VCI Global Limited (NASDAQ:VCIG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing. Institutional investors and hedge funds own 0.20% of the company’s stock.

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.