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

VCI Global Limited (NASDAQ:VCIG) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 893,400 shares, a growth of 738.9% from the August 15th total of 106,500 shares. Based on an average trading volume of 2,490,000 shares, the short-interest ratio is presently 0.4 days. Approximately 1.6% of the shares of the stock are short sold.

VCI Global Stock Down 4.1 %

Shares of VCIG traded down $0.01 on Thursday, hitting $0.13. The company’s stock had a trading volume of 2,792,763 shares, compared to its average volume of 1,341,244. The company has a 50 day moving average price of $0.31 and a 200 day moving average price of $0.73. VCI Global has a fifty-two week low of $0.11 and a fifty-two week high of $4.95.

About VCI Global

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.