VCI Global Limited (NASDAQ:VCIG) Short Interest Up 99.3% in July

VCI Global Limited (NASDAQ:VCIG) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 97,720 shares, an increase of 99.3% from the July 15th total of 49,022 shares. Based on an average daily trading volume, of 5,109,672 shares, the short-interest ratio is currently 0.0 days. Currently, 4.8% of the company’s shares are short sold.

VCI Global Stock Performance

Shares of VCIG stock opened at $0.26 on Friday. VCI Global has a fifty-two week low of $0.25 and a fifty-two week high of $2,124.00. The company has a 50 day moving average price of $2.18 and a 200 day moving average price of $5.78.

VCI Global (NASDAQ:VCIG) last released its earnings results on Tuesday, July 14th. The company reported ($231.51) earnings per share (EPS) for the quarter. The business had revenue of $3.67 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of VCI Global in a report on Monday, July 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, VCI Global has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in VCI Global stock. Jane Street Group LLC bought a new position in shares of VCI Global Limited (NASDAQ:VCIG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned approximately 0.78% of VCI Global at the end of the most recent reporting period. 0.20% of the stock is owned by institutional investors and hedge funds.

About VCI Global

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.