Short Interest in VCI Global Limited (NASDAQ:VCIG) Decreases By 41.5%

VCI Global Limited (NASDAQ:VCIG) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 27,369 shares, a drop of 41.5% from the August 15th total of 46,762 shares. Based on an average daily volume of 2,069,306 shares, the short-interest ratio is currently 0.0 days. Currently, 2.2% of the company’s stock are sold short.

VCI Global Price Performance

VCIG traded down $0.01 during trading on Wednesday, hitting $1.65. 51,686 shares of the company traded hands, compared to its average volume of 248,275. VCI Global has a one year low of $1.61 and a one year high of $13,905.00. The stock’s fifty day moving average is $7.12 and its 200 day moving average is $30.35.

VCI Global (NASDAQ:VCIG) last released 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 for the quarter.

Analyst Upgrades and Downgrades

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

VCI Global Company Profile

VCI Global, Inc (NASDAQ: VCIG) is a provider of outsourced receivables management and credit risk mitigation solutions for corporations, financial institutions and government agencies. The company offers end-to-end account administration services designed to streamline the order-to-cash cycle, helping clients improve cash flow, reduce days sales outstanding and mitigate credit risk across domestic and international markets.

VCI Global’s suite of services encompasses credit application processing, account setup, credit file creation, early-stage reconciliation and disputes management, cash application, and first- and third-party collections.