VCI Global Limited (NASDAQ:VCIG) Sees Large Drop in Short Interest

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

VCI Global Stock Up 4.9%

Shares of NASDAQ VCIG traded up $0.08 during trading hours on Thursday, reaching $1.72. The stock had a trading volume of 45,120 shares, compared to its average volume of 1,197,191. VCI Global has a 52-week low of $1.54 and a 52-week high of $7,398.63. The business’s fifty day moving average price is $3.94 and its two-hundred day moving average price is $26.00.

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

Analyst Upgrades and Downgrades

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

About VCI Global

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.