VCI Global Limited (NASDAQ:VCIG) Short Interest Update

VCI Global Limited (NASDAQ:VCIG) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 97,720 shares, a growth of 99.3% from the July 15th total of 49,022 shares. Based on an average trading volume of 5,109,672 shares, the days-to-cover ratio is presently 0.0 days. Currently, 4.8% of the shares of the stock are sold short.

VCI Global Price Performance

Shares of VCIG opened at $0.26 on Friday. VCI Global has a 12-month low of $0.25 and a 12-month high of $2,124.00. The firm 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 announced its quarterly earnings results on Tuesday, July 14th. The company reported ($231.51) earnings per share (EPS) for the quarter. The firm had revenue of $3.67 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of VCI Global in a research note on Monday, July 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of VCI Global

An institutional investor recently bought a new stake in VCI Global stock. Jane Street Group LLC purchased a new stake in VCI Global Limited (NASDAQ:VCIG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned 0.78% of VCI Global as of its most recent filing with the SEC. 0.20% of the stock is currently owned by hedge funds and other institutional investors.

VCI Global Company Profile

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.