Short Interest in Concorde International Group Ltd. (NASDAQ:CIGL) Increases By 1,685.4%

Concorde International Group Ltd. (NASDAQ:CIGL) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 175,594 shares, an increase of 1,685.4% from the July 15th total of 9,835 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 6,539,049 shares, the days-to-cover ratio is presently 0.0 days.

Concorde International Group Stock Performance

Shares of CIGL stock traded up $0.15 during mid-day trading on Tuesday, reaching $0.60. The company’s stock had a trading volume of 103,457,354 shares, compared to its average volume of 2,408,174. The firm’s 50-day moving average is $0.55 and its two-hundred day moving average is $1.27. Concorde International Group has a 1-year low of $0.36 and a 1-year high of $7.50. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.57.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Concorde International Group in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Concorde International Group Company Profile

Concorde International Group, Inc (NASDAQ: CIGL) is a diversified holding company operating through a portfolio of subsidiaries that deliver digital asset mining solutions, strategic consulting services and security compliance offerings. Headquartered in Reno, Nevada, the company leverages its technical and advisory expertise to support clients in emerging technology sectors, traditional industries and regulated markets.

In its digital asset mining segment, Concorde International Group designs, constructs and operates high-capacity cryptocurrency mining facilities across North America.