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

VCI Global Limited (NASDAQ:VCIG) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 142,000 shares, a drop of 84.5% from the November 30th total of 916,200 shares. Based on an average trading volume of 6,430,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.9% of the company’s shares are short sold.

VCI Global Stock Down 10.7 %

NASDAQ VCIG traded down $0.20 during trading on Friday, reaching $1.67. 2,054,055 shares of the stock traded hands, compared to its average volume of 1,709,635. The stock’s 50-day moving average price is $2.53 and its 200 day moving average price is $10.95. The firm has a market cap of $22.25 million, a price-to-earnings ratio of 4.91 and a beta of 1.17. VCI Global has a fifty-two week low of $1.38 and a fifty-two week high of $115.15.

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.