Short Interest in VCI Global Limited (NASDAQ:VCIG) Declines By 79.0%

VCI Global Limited (NASDAQ:VCIG) was the recipient of a large 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. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 85,133 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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 data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On VCI Global

A hedge fund recently bought a new stake in VCI Global stock. Jane Street Group LLC purchased a new stake in shares of VCI Global Limited (NASDAQ:VCIG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 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 filing with the SEC. 0.20% of the stock is owned by hedge funds and other institutional investors.

VCI Global Trading Up 2.3%

Shares of NASDAQ:VCIG traded up $0.05 during trading on Friday, reaching $2.24. The company had a trading volume of 49,525 shares, compared to its average volume of 77,317. The firm’s fifty day moving average is $3.39 and its 200 day moving average is $12.92. VCI Global has a twelve month low of $0.71 and a twelve month high of $2,421.00.

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.