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

VCI Global Limited (NASDAQ:VCIG) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 2,981 shares, a decrease 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 VCIG opened at $1.72 on Friday. The company has a 50 day moving average price of $3.94 and a 200-day moving average price of $26.00. VCI Global has a fifty-two week low of $1.54 and a fifty-two week high of $7,398.63.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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 data from MarketBeat.com, 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.