Concorde International Group Ltd. (NASDAQ:CIGL) Short Interest Update

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Concorde International Group in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Concorde International Group presently has an average rating of “Sell”.

Concorde International Group Stock Down 2.1%

Shares of Concorde International Group stock traded down $0.01 during trading on Tuesday, hitting $0.42. 49,288 shares of the stock traded hands, compared to its average volume of 2,114,186. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.57. Concorde International Group has a twelve month low of $0.36 and a twelve month high of $5.45. The company has a fifty day moving average price of $0.50 and a two-hundred day moving average price of $1.00.

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.