VCI Global Limited (NASDAQ:VCIG) Sees Significant Growth in Short Interest

VCI Global Limited (NASDAQ:VCIG) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 161,890 shares, a growth of 5,018.2% from the September 30th total of 3,163 shares. Based on an average trading volume of 14,682,102 shares, the short-interest ratio is currently 0.0 days. Approximately 12.7% of the shares of the stock 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 Friday, October 16th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, VCI Global has an average rating of “Sell”.

VCI Global Stock Performance

Shares of NASDAQ:VCIG traded down $0.01 during trading on Monday, reaching $0.24. The stock had a trading volume of 291,440 shares, compared to its average volume of 1,277,733. The business has a fifty day moving average price of $1.63 and a 200-day moving average price of $22.10. VCI Global has a 1-year low of $0.21 and a 1-year high of $3,195.00.

VCI Global (NASDAQ:VCIG) last released its quarterly earnings data on Friday, October 16th. The company reported ($8.27) earnings per share (EPS) for the quarter. The company had revenue of $1.28 million for the quarter.

VCI Global Company Profile

VCI Global Limited is a diversified consulting and technology company headquartered in Kuala Lumpur, Malaysia. The company provides advisory and professional services to public and private businesses, with activities spanning capital markets, corporate finance, mergers and acquisitions, fundraising, and initial public offerings.

Through its technology-related operations, VCI Global focuses on fintech, artificial intelligence, robotics, and blockchain applications. Its services and solutions are intended to support digital transformation and the development of technology-enabled businesses.