VCI Global Limited (NASDAQ:VCIG) Stock Short Interest Climbs 5,018.2%

VCI Global Limited (NASDAQ:VCIG) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 161,890 shares, an increase of 5,018.2% from the September 30th total of 3,163 shares. Currently, 12.7% of the company’s stock are short sold. Based on an average trading volume of 14,682,102 shares, the days-to-cover ratio is presently 0.0 days.

VCI Global Stock Down 2.4%

Shares of NASDAQ VCIG traded down $0.01 during trading on Tuesday, hitting $0.24. 126,066 shares of the company were exchanged, compared to its average volume of 1,272,126. VCI Global has a 12-month low of $0.21 and a 12-month high of $3,195.00. The company has a fifty day moving average price of $1.67 and a 200-day moving average price of $105.39.

VCI Global (NASDAQ:VCIG) last issued its quarterly earnings results on Friday, October 16th. The company reported ($8.27) earnings per share for the quarter. The business had revenue of $1.28 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of VCI Global in a research report on Friday, October 16th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, VCI Global presently has a consensus rating of “Sell”.

VCI Global Company Profile

VCI Global Limited is a diversified consulting and technology company headquartered in Kuala Lumpur, Malaysia. The company provides advisory and professional services to public and private businesses, with activities spanning capital markets, corporate finance, mergers and acquisitions, fundraising, and initial public offerings.

Through its technology-related operations, VCI Global focuses on fintech, artificial intelligence, robotics, and blockchain applications. Its services and solutions are intended to support digital transformation and the development of technology-enabled businesses.