Concorde International Group Ltd. (NASDAQ:CIGL) Stock Short Interest Report for October

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 trading volume, of 1,581,424 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Concorde International Group Stock Performance

CIGL stock opened at $0.19 on Friday. The firm’s fifty day moving average is $0.35 and its 200 day moving average is $1.03. Concorde International Group has a one year low of $0.19 and a one year high of $3.76.

Wall Street Analysts Forecast Growth

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 MarketBeat.com, Concorde International Group presently has a consensus rating of “Sell”.

Concorde International Group Company Profile

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.