VCI Global Limited (NASDAQ:VCIG) Short Interest Down 41.5% in August

VCI Global Limited (NASDAQ:VCIG) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 27,369 shares, a decline of 41.5% from the August 15th total of 46,762 shares. Based on an average daily trading volume, of 2,069,306 shares, the short-interest ratio is currently 0.0 days. Currently, 2.2% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of VCI Global in a research note on Monday, July 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

VCI Global Stock Performance

Shares of VCIG opened at $1.65 on Thursday. VCI Global has a 12 month low of $1.61 and a 12 month high of $13,905.00. The stock has a fifty day moving average price of $7.12 and a 200 day moving average price of $30.35.

VCI Global (NASDAQ:VCIG) last posted its earnings results on Tuesday, July 14th. The company reported ($597.31) earnings per share (EPS) for the quarter. The business had revenue of $3.67 million during the quarter.

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.