VCI Global Limited (NASDAQ:VCIG) Stock Short Interest Declines 89.1%

VCI Global Limited (NASDAQ:VCIG) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,981 shares, a decline of 89.1% from the August 31st total of 27,369 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 57,259 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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, According to data from MarketBeat, VCI Global currently has a consensus rating of “Sell”.

VCI Global Stock Down 1.2%

NASDAQ VCIG traded down $0.02 during trading on Friday, hitting $1.70. The stock had a trading volume of 26,904 shares, compared to its average volume of 68,497. VCI Global has a one year low of $1.54 and a one year high of $7,398.63. The stock has a 50 day simple moving average of $3.70 and a 200 day simple moving average of $25.83.

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

VCI Global Company Profile

VCI Global Limited is a Malaysia-based diversified consulting and business solutions company. Through its capital markets and advisory activities, the company provides services such as corporate strategy, corporate finance, initial public offering support, mergers and acquisitions advice, and investor relations.

VCI Global also operates in fintech, artificial intelligence, and technology-related areas. Its activities include developing or providing digital platforms, technology solutions, and advisory services designed to support businesses, institutions, and other organizations with financial and operational needs.

The company serves clients across multiple industries and international markets, with a primary presence in Malaysia and broader activities in the Asia-Pacific region.