Short Interest in VCI Global Limited (NASDAQ:VCIG) Decreases By 73.4%

VCI Global Limited (NASDAQ:VCIGGet Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 43,100 shares, a decline of 73.4% from the April 30th total of 162,000 shares. Based on an average daily volume of 270,400 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.8% of the shares of the stock are sold short.

VCI Global Stock Performance

Shares of NASDAQ VCIG traded down $0.04 during mid-day trading on Wednesday, hitting $0.76. 153,488 shares of the company’s stock traded hands, compared to its average volume of 641,869. The company’s 50-day moving average is $1.06 and its two-hundred day moving average is $1.50. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.01. VCI Global has a 1 year low of $0.74 and a 1 year high of $11.32.

Institutional Trading of VCI Global

An institutional investor recently bought a new position in VCI Global stock. Barclays PLC bought a new stake in shares of VCI Global Limited (NASDAQ:VCIGFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $37,000. Hedge funds and other institutional investors own 0.20% of the company’s stock.

VCI Global Company Profile

(Get Free Report)

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.

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