Concorde International Group Ltd. (NASDAQ:CIGL) Sees Large Growth in Short Interest

Concorde International Group Ltd. (NASDAQ:CIGL) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 243,839 shares, an increase of 165.5% from the September 30th total of 91,844 shares. Based on an average daily volume of 1,581,424 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Concorde International Group Trading Down 11.6%

NASDAQ:CIGL traded down $0.03 during midday trading on Friday, reaching $0.19. 90,445 shares of the company traded hands, compared to its average volume of 1,905,456. The company has a fifty day moving average price of $0.36 and a 200 day moving average price of $1.04. Concorde International Group has a twelve month low of $0.19 and a twelve month high of $3.76.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Concorde International Group in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Concorde International Group currently has a consensus rating of “Sell”.

About Concorde International Group

Concorde International Group Limited is an integrated security services providers that combines physical manpower and innovative technology to deliver effective security solutions. In 2014, we were awarded “The Business Model Innovation Award” by the Singapore Manufacturing Federation. In 2015, we were awarded the “Best Innovative Use of Infocomm Technology Award” by the Singapore Infocomm Technology Federation (“SiTF”). In 2016, we were awarded the “Most Innovative Use of Infocomm Technology (Private Sector-SME) Award” by the Infocomm Media Development Authority of Singapore (“IMDA”, formerly known as Infocomm Development Authority) and the SiTF.