Short Interest in Concorde International Group Ltd. (NASDAQ:CIGL) Drops By 47.5%

Concorde International Group Ltd. (NASDAQ:CIGL) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 92,201 shares, a decline of 47.5% from the August 15th total of 175,724 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 83,187 shares, the short-interest ratio is currently 1.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Concorde International Group in a report on Thursday, July 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Concorde International Group Stock Performance

Concorde International Group stock traded down $0.01 during mid-day trading on Tuesday, hitting $0.42. 49,288 shares of the company were exchanged, compared to its average volume of 2,114,186. Concorde International Group has a 1-year low of $0.36 and a 1-year high of $5.45. The business has a fifty day moving average of $0.50 and a 200 day moving average of $1.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.28 and a current ratio of 1.28.

Concorde International Group Company Profile

Concorde International Group, Inc (NASDAQ: CIGL) is a diversified holding company operating through a portfolio of subsidiaries that deliver digital asset mining solutions, strategic consulting services and security compliance offerings. Headquartered in Reno, Nevada, the company leverages its technical and advisory expertise to support clients in emerging technology sectors, traditional industries and regulated markets.

In its digital asset mining segment, Concorde International Group designs, constructs and operates high-capacity cryptocurrency mining facilities across North America.