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

VCI Global Limited (NASDAQ:VCIG) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 266,500 shares, an increase of 505.7% from the May 31st total of 44,000 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 433,700 shares, the short-interest ratio is presently 0.6 days.

VCI Global Trading Down 1.7 %

Shares of VCI Global stock traded down $0.01 during trading hours on Friday, hitting $0.58. 79,222 shares of the company were exchanged, compared to its average volume of 667,216. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.13 and a quick ratio of 2.13. The business has a 50-day moving average of $0.88 and a 200-day moving average of $1.20. VCI Global has a 1 year low of $0.55 and a 1 year high of $9.35.

Hedge Funds Weigh In On VCI Global

A hedge fund recently bought a new stake in VCI Global stock. Barclays PLC purchased a new stake in VCI Global Limited (NASDAQ:VCIG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the company’s stock, valued at approximately $37,000. Institutional investors own 0.20% of the company’s stock.

VCI Global Company Profile

VCI Global Limited, together with its subsidiaries, provides business and technology consulting services in Malaysia. The company offers business strategy consultancy services, including listing solutions, investors relations, and boardroom strategies consultancy. It also provides technology consultancy services and solutions, such as digital development, fintech solution, and software solutions.