VCI Global Limited (NASDAQ:VCIG) Sees Significant Drop in Short Interest

VCI Global Limited (NASDAQ:VCIG) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,981 shares, a decline of 89.1% from the August 31st total of 27,369 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 57,259 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of VCI Global in a report on Monday, July 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

VCI Global Price Performance

Shares of VCIG stock traded up $0.08 during trading hours on Thursday, reaching $1.72. 45,120 shares of the stock were exchanged, compared to its average volume of 1,197,191. VCI Global has a 12-month low of $1.54 and a 12-month high of $7,398.63. The company’s 50-day moving average price is $3.94 and its 200-day moving average price is $26.00.

VCI Global (NASDAQ:VCIG) last posted its quarterly earnings data on Tuesday, July 14th. The company reported ($597.31) earnings per share for the quarter. The company had revenue of $3.67 million for the quarter.

VCI Global Company Profile

VCI Global Limited is a Malaysia-based diversified consulting and business solutions company. Through its capital markets and advisory activities, the company provides services such as corporate strategy, corporate finance, initial public offering support, mergers and acquisitions advice, and investor relations.

VCI Global also operates in fintech, artificial intelligence, and technology-related areas. Its activities include developing or providing digital platforms, technology solutions, and advisory services designed to support businesses, institutions, and other organizations with financial and operational needs.

The company serves clients across multiple industries and international markets, with a primary presence in Malaysia and broader activities in the Asia-Pacific region.