VCI Global Limited (NASDAQ:VCIG) Short Interest Update

VCI Global Limited (NASDAQ:VCIG) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 30,512 shares, a drop of 79.0% from the June 15th total of 145,436 shares. Based on an average trading volume of 85,133 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.5% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of VCI Global in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On VCI Global

A hedge fund recently bought a new stake in VCI Global stock. Jane Street Group LLC purchased a new position in shares of VCI Global Limited (NASDAQ:VCIG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned 0.78% of VCI Global at the end of the most recent quarter. Institutional investors and hedge funds own 0.20% of the company’s stock.

VCI Global Trading Down 5.4%

VCIG stock traded down $0.12 during midday trading on Monday, reaching $2.12. 23,169 shares of the company’s stock traded hands, compared to its average volume of 74,773. VCI Global has a fifty-two week low of $0.71 and a fifty-two week high of $2,421.00. The business has a 50-day moving average price of $3.41 and a two-hundred day moving average price of $12.54.

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.