VCI Global Limited (NASDAQ:VCIG) Short Interest Down 52.1% in August

VCI Global Limited (NASDAQ:VCIG) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 46,762 shares, a decrease of 52.1% from the July 30th total of 97,720 shares. Based on an average daily volume of 1,200,752 shares, the short-interest ratio is presently 0.0 days. Currently, 2.3% of the company’s stock are sold short.

VCI Global Stock Down 16.2%

Shares of NASDAQ:VCIG opened at $2.23 on Friday. VCI Global has a twelve month low of $2.18 and a twelve month high of $22,906.80. The stock’s 50 day moving average is $18.43 and its 200-day moving average is $58.05.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in VCI Global stock. Jane Street Group LLC bought a new position in shares of VCI Global Limited (NASDAQ:VCIG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned approximately 0.78% of VCI Global at the end of the most recent reporting period. 0.20% of the stock is currently owned by institutional investors and hedge funds.

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.