VCI Global Limited (NASDAQ:VCIG) Short Interest Down 85.3% in June

VCI Global Limited (NASDAQ:VCIG) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 145,436 shares, a decrease of 85.3% from the May 31st total of 989,757 shares. Approximately 7.1% of the shares of the stock are short sold. Based on an average trading volume of 765,080 shares, the short-interest ratio is presently 0.2 days.

VCI Global Stock Down 16.4%

Shares of NASDAQ VCIG traded down $0.62 on Friday, hitting $3.15. The company’s stock had a trading volume of 132,579 shares, compared to its average volume of 1,032,497. VCI Global has a 12-month low of $0.71 and a 12-month high of $4,408.38. The stock has a 50 day moving average of $3.13 and a 200-day moving average of $16.04.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of VCI Global in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On VCI Global

A hedge fund recently bought a new position in VCI Global stock. Jane Street Group LLC acquired a new stake in VCI Global Limited (NASDAQ:VCIG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned approximately 0.78% of VCI Global as of its most recent SEC filing. 0.20% of the stock is owned by institutional investors.

About VCI Global

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.